Wellington Management Group LLP Sells 671,058 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wellington Management Group LLP decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,516,587 shares of the transportation company’s stock after selling 671,058 shares during the quarter. Wellington Management Group LLP’s holdings in Expeditors International of Washington were worth $167,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. CreativeOne Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth $239,000. Public Sector Pension Investment Board lifted its holdings in Expeditors International of Washington by 19.6% in the third quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock valued at $802,000 after acquiring an additional 1,000 shares during the period. Captrust Financial Advisors boosted its position in Expeditors International of Washington by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company’s stock worth $490,000 after purchasing an additional 395 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Expeditors International of Washington by 6.0% during the 3rd quarter. Verition Fund Management LLC now owns 14,628 shares of the transportation company’s stock valued at $1,922,000 after purchasing an additional 822 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $930,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of research reports. Bank of America dropped their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial started coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price target on 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Trading Down 0.3 %

NASDAQ EXPD opened at $121.84 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock’s 50 day moving average is $116.37 and its 200 day moving average is $117.84. The stock has a market cap of $16.78 billion, a PE ratio of 21.30, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

About Expeditors International of Washington

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.