Zurcher Kantonalbank Zurich Cantonalbank Sells 47,522 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 61.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,179 shares of the transportation company's stock after selling 47,522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Expeditors International of Washington were worth $3,343,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $304,000. Victory Capital Management Inc. boosted its stake in Expeditors International of Washington by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company's stock valued at $41,619,000 after purchasing an additional 5,438 shares in the last quarter. MQS Management LLC bought a new stake in Expeditors International of Washington in the third quarter worth about $231,000. KBC Group NV lifted its stake in Expeditors International of Washington by 3.5% during the third quarter. KBC Group NV now owns 36,267 shares of the transportation company's stock valued at $4,765,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of Expeditors International of Washington by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock valued at $241,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

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Expeditors International of Washington Stock Down 0.7 %

Shares of NASDAQ:EXPD traded down $0.80 on Wednesday, reaching $116.40. The company had a trading volume of 648,805 shares, compared to its average volume of 1,167,306. The stock has a 50-day moving average price of $114.69 and a 200 day moving average price of $118.08. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The stock has a market capitalization of $16.07 billion, a P/E ratio of 20.35, a P/E/G ratio of 5.00 and a beta of 1.00.

Analyst Ratings Changes

Several equities research analysts have recently commented on EXPD shares. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a "hold" rating and a $110.00 price target on the stock. Stifel Nicolaus decreased their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $115.90.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.