Physician Wealth Advisors Inc. Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Physician Wealth Advisors Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 47.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,016 shares of the transportation company’s stock after selling 916 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Expeditors International of Washington were worth $113,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EXPD. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after acquiring an additional 987,233 shares in the last quarter. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the last quarter. Marshfield Associates boosted its position in shares of Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after purchasing an additional 6,878 shares in the last quarter. Amundi grew its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock worth $163,653,000 after buying an additional 8,101 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock worth $139,484,000 after buying an additional 98,197 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.5 %

Shares of EXPD stock opened at $119.71 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The stock has a market capitalization of $16.49 billion, a P/E ratio of 20.93, a P/E/G ratio of 5.00 and a beta of 1.00. The firm’s 50 day moving average is $115.79 and its 200 day moving average is $117.81.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several analyst reports. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. 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 on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target for the company. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price 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.