Franklin Resources Inc. Sells 12,680 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Franklin Resources Inc. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 180,806 shares of the transportation company’s stock after selling 12,680 shares during the period. Franklin Resources Inc.’s holdings in Expeditors International of Washington were worth $20,028,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington in the third quarter valued at approximately $57,000. TD Private Client Wealth LLC grew its holdings in Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 142 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $109.00 on Monday. The firm has a fifty day moving average price of $116.22 and a two-hundred day moving average price of $117.63. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a one year low of $107.17 and a one year high of $131.59.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Susquehanna increased their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. UBS Group reduced their target price 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $115.90.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’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 directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

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.