Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,075,863 shares of the transportation company’s stock after selling 95,239 shares during the period. TD Asset Management Inc. owned 0.77% of Expeditors International of Washington worth $119,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares during the period. Franklin Resources Inc. raised its stake in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington during the fourth quarter valued at about $1,329,000. Finally, Drystone LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth about $5,925,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $118.41 on Wednesday. The firm has a 50 day simple moving average of $115.26 and a 200 day simple moving average of $117.87. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a market cap of $16.34 billion, a P/E ratio of 20.70, a P/E/G ratio of 5.00 and a beta of 1.00.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their target price 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 assumed coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target on the stock. Susquehanna raised their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, UBS Group cut 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. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $115.90.

Insider Buying and Selling 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 sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.