Prudential PLC Sells 36,406 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Prudential PLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,675 shares of the transportation company’s stock after selling 36,406 shares during the quarter. Prudential PLC’s holdings in Expeditors International of Washington were worth $4,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $839,000. ExodusPoint Capital Management LP bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $7,298,000. World Investment Advisors grew its holdings in shares of Expeditors International of Washington by 44.7% in the fourth quarter. World Investment Advisors now owns 2,442 shares of the transportation company’s stock worth $271,000 after acquiring an additional 754 shares during the period. Westpac Banking Corp increased its position in Expeditors International of Washington by 15.0% during the fourth quarter. Westpac Banking Corp now owns 35,767 shares of the transportation company’s stock valued at $3,962,000 after acquiring an additional 4,672 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Expeditors International of Washington by 65.0% in the fourth quarter. Huntington National Bank now owns 3,027 shares of the transportation company’s stock valued at $335,000 after acquiring an additional 1,192 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 1.5 %

NASDAQ:EXPD opened at $109.00 on Friday. The business’s 50-day simple moving average is $116.22 and its two-hundred day simple moving average is $117.67. Expeditors International of Washington, Inc. has a 52 week low of $107.17 and a 52 week high of $131.59. The stock has a market cap of $15.02 billion, a PE ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03.

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 that occurred on 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 in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. 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 upped 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 report on Monday, March 3rd. Bank of America dropped their price target on shares of 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. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $115.90.

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.