Natixis Advisors LLC Sells 122,083 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Natixis Advisors LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,950 shares of the transportation company’s stock after selling 122,083 shares during the period. Natixis Advisors LLC owned approximately 0.36% of Expeditors International of Washington worth $56,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after buying an additional 987,233 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares in the last quarter. Marshfield Associates boosted its stake in Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Amundi boosted its stake in Expeditors International of Washington by 0.6% during the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after purchasing an additional 8,101 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Expeditors International of Washington by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after purchasing an additional 98,197 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 1.0 %

NASDAQ:EXPD opened at $115.29 on Friday. The business’s 50-day simple moving average is $114.45 and its two-hundred day simple moving average is $118.19. The stock has a market cap of $15.91 billion, a PE ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Analyst Ratings Changes

Several brokerages have commented on EXPD. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Bank of America dropped their price target on 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. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Truist Financial began coverage on Expeditors International of Washington in a research note on Thursday. They issued a “hold” rating and a $110.00 price target on the stock. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington 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.