Vanguard Group Inc. Sells 157,569 Shares of Expeditors International of Washington, Inc. $EXPD

Vanguard Group Inc. cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% in the 3rd quarter, Holdings Channel reports. The fund owned 16,713,857 shares of the transportation company’s stock after selling 157,569 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Expeditors International of Washington worth $2,048,952,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in Expeditors International of Washington by 14.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock valued at $69,316,000 after buying an additional 69,290 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Expeditors International of Washington by 6.7% during the third quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock valued at $121,817,000 after acquiring an additional 62,500 shares during the last quarter. Ascent Group LLC boosted its holdings in shares of Expeditors International of Washington by 237.3% during the third quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock worth $1,265,000 after purchasing an additional 7,257 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Expeditors International of Washington in the third quarter worth about $464,000. Finally, Nordea Investment Management AB increased its holdings in Expeditors International of Washington by 7.4% during the 3rd quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock valued at $78,867,000 after purchasing an additional 44,849 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, Truist Financial raised their price objective on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Stock Up 0.6%

EXPD stock opened at $150.55 on Friday. The business has a 50 day moving average of $156.09 and a 200 day moving average of $137.30. The firm has a market cap of $20.18 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.