LPL Financial LLC Has $14.28 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

LPL Financial LLC cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,911 shares of the transportation company’s stock after selling 5,166 shares during the quarter. LPL Financial LLC owned about 0.09% of Expeditors International of Washington worth $14,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC grew its holdings in Expeditors International of Washington by 32.0% during 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 during the period. Boston Partners grew its stake in 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 worth $420,693,000 after purchasing an additional 869,637 shares during the period. Marshfield Associates increased its holdings in Expeditors International of Washington by 0.4% in the third 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 lifted its stake in Expeditors International of Washington by 0.6% in the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after buying an additional 8,101 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington by 8.5% during 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 in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Susquehanna boosted their target price 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Truist Financial started coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective for the company. Four investment 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Trading Up 1.6 %

Shares of EXPD opened at $122.23 on Wednesday. The stock has a 50 day moving average of $116.18 and a 200 day moving average of $117.81. 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 $16.84 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 5.00 and a beta of 1.00.

Insider Transactions at Expeditors International of Washington

In other 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 transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.