American Century Companies Inc. Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

American Century Companies Inc. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,602 shares of the transportation company’s stock after selling 4,962 shares during the quarter. American Century Companies Inc. owned approximately 0.16% of Expeditors International of Washington worth $25,322,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EXPD. Manchester Capital Management LLC raised its holdings in Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the last quarter. Chapman Investment Management LLC increased its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after purchasing an additional 112 shares during the last quarter. OLD National Bancorp IN raised its position in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Expeditors International of Washington by 17.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 114 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Expeditors International of Washington by 1.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock worth $824,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. Truist Financial initiated coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price for the company. Stifel Nicolaus decreased their price objective on 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 restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, JPMorgan Chase & Co. dropped their price objective 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 analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.90.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $119.71 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The firm’s fifty day moving average price is $115.79 and its 200 day moving average price is $117.84.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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. The trade was a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company 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.