Parallel Advisors LLC Sells 798 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Parallel Advisors LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,181 shares of the transportation company’s stock after selling 798 shares during the quarter. Parallel Advisors LLC’s holdings in Expeditors International of Washington were worth $1,017,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of Expeditors International of Washington by 8.0% in the third quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company’s stock worth $2,712,000 after acquiring an additional 1,532 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of Expeditors International of Washington by 15.7% in the third quarter. Banque Cantonale Vaudoise now owns 30,413 shares of the transportation company’s stock worth $3,996,000 after acquiring an additional 4,129 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Expeditors International of Washington in the third quarter worth $1,685,000. Portfolio Design Labs LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter worth $2,010,000. Finally, Moran Wealth Management LLC grew its stake in shares of Expeditors International of Washington by 0.5% in the third quarter. Moran Wealth Management LLC now owns 56,628 shares of the transportation company’s stock worth $7,441,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $116.40 on Thursday. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The company’s fifty day moving average is $114.76 and its 200-day moving average is $118.07. The company has a market capitalization of $16.07 billion, a PE ratio of 20.35, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 completion of the transaction, the vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EXPD shares. Stifel Nicolaus lowered their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased 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. 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. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the company 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.