National Bank of Canada FI Sells 4,799 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

National Bank of Canada FI trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,393 shares of the transportation company’s stock after selling 4,799 shares during the quarter. National Bank of Canada FI’s holdings in Expeditors International of Washington were worth $8,686,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its holdings in Expeditors International of Washington by 19.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock valued at $802,000 after buying an additional 1,000 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Expeditors International of Washington by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company’s stock valued at $490,000 after purchasing an additional 395 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the third quarter worth $4,363,000. Quantinno Capital Management LP raised its stake in Expeditors International of Washington by 23.7% during the third quarter. Quantinno Capital Management LP now owns 29,879 shares of the transportation company’s stock valued at $3,926,000 after purchasing an additional 5,730 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after purchasing an additional 399,800 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPD. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on 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. 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 report on Monday, March 3rd. Truist Financial began coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 target price on the stock. Finally, UBS Group dropped their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.90.

Insider Buying and Selling 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 transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Trading Down 1.5 %

Shares of EXPD opened at $109.00 on Friday. The firm has a fifty day moving average price of $116.22 and a 200-day moving average price of $117.67. The firm has a market capitalization of $15.02 billion, a P/E ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 12-month low of $107.17 and a 12-month high of $131.59.

About Expeditors International of Washington

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.