Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,179 shares of the transportation company’s stock after selling 47,522 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Expeditors International of Washington were worth $3,343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. SRS Capital Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington in the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the third quarter valued at approximately $57,000. Asset Dedication LLC increased its holdings in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after buying an additional 503 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Expeditors International of Washington by 11.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company’s stock worth $147,000 after acquiring an additional 140 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 1.0 %

Shares of NASDAQ EXPD opened at $115.29 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The business has a 50 day moving average price of $114.45 and a two-hundred day moving average price of $118.19. The firm has a market cap of $15.91 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction 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 in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on EXPD shares. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Bank of America dropped their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday. They issued a “hold” rating and a $110.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.