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

O Shaughnessy Asset Management LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 281,438 shares of the transportation company’s stock after selling 94,818 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Expeditors International of Washington were worth $31,175,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Expeditors International of Washington by 0.7% during the third quarter. Bank of Montreal Can now owns 135,665 shares of the transportation company’s stock valued at $17,491,000 after purchasing an additional 956 shares during the period. Quantbot Technologies LP grew its holdings in Expeditors International of Washington by 773.5% during the 3rd quarter. Quantbot Technologies LP now owns 9,504 shares of the transportation company’s stock valued at $1,249,000 after purchasing an additional 8,416 shares in the last quarter. Townsquare Capital LLC increased its stake in Expeditors International of Washington by 31.5% during the 3rd quarter. Townsquare Capital LLC now owns 18,416 shares of the transportation company’s stock worth $2,420,000 after buying an additional 4,408 shares during the period. Glenmede Trust Co. NA lifted its holdings in Expeditors International of Washington by 16.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,348 shares of the transportation company’s stock worth $1,754,000 after buying an additional 1,878 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in Expeditors International of Washington in the 3rd quarter valued at about $239,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred 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 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 the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.5 %

NASDAQ:EXPD opened at $119.71 on Friday. The firm has a market capitalization of $16.52 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average of $115.79 and a 200-day moving average of $117.84. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXPD shares. Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective on the stock. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped 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 research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $115.90.

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.