Barclays PLC Sells 272,479 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Barclays PLC trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 47.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,069 shares of the transportation company’s stock after selling 272,479 shares during the quarter. Barclays PLC’s holdings in Expeditors International of Washington were worth $33,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. SRS Capital Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Expeditors International of Washington in the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington in the third quarter valued at about $57,000. Aster Capital Management DIFC Ltd bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $52,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after purchasing an additional 142 shares during the period. Institutional investors own 94.02% of the company’s stock.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group dropped their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Susquehanna boosted their price objective 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. Truist Financial began coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price for the company. Finally, 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 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Stock Up 1.1 %

Shares of NASDAQ EXPD opened at $106.67 on Friday. The firm has a market cap of $14.69 billion, a P/E ratio of 18.65, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The company has a 50 day moving average of $114.98 and a 200 day moving average of $116.19.

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.