Zacks Investment Management Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zacks Investment Management trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,113 shares of the transportation company’s stock after selling 732 shares during the period. Zacks Investment Management’s holdings in Expeditors International of Washington were worth $3,114,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EXPD. MML Investors Services LLC grew its position in shares of Expeditors International of Washington by 2.7% during the 3rd quarter. MML Investors Services LLC now owns 9,488 shares of the transportation company’s stock valued at $1,247,000 after purchasing an additional 253 shares in the last quarter. Barclays PLC increased its stake in Expeditors International of Washington by 2.4% in the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock worth $75,099,000 after acquiring an additional 13,479 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Expeditors International of Washington by 5.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,421 shares of the transportation company’s stock valued at $712,000 after acquiring an additional 277 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $222,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington during the third quarter worth about $57,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 1.1 %

Shares of NASDAQ EXPD opened at $106.67 on Friday. The firm’s fifty day moving average is $115.09 and its 200 day moving average is $116.34. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 5.00 and a beta of 1.03.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXPD shares. Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Truist Financial initiated coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price on the stock. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.90.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

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.