Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Axa S.A.

Axa S.A. trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 303,785 shares of the transportation company’s stock after selling 47,454 shares during the period. Axa S.A. owned 0.22% of Expeditors International of Washington worth $33,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPD. Franklin Resources Inc. raised its stake in Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after acquiring an additional 30,785 shares during the period. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $1,329,000. Drystone LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $5,925,000. Allworth Financial LP lifted its holdings in shares of Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after buying an additional 20,658 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 2.7 %

NASDAQ:EXPD opened at $112.57 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm has a market cap of $15.51 billion, a P/E ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.03. The business’s 50-day moving average price is $113.64 and its 200 day moving average price is $115.24.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Truist Financial decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Susquehanna increased their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.40.

Expeditors International of Washington 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.