Prudential Financial Inc. Has $8.74 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Prudential Financial Inc. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 78,856 shares of the transportation company’s stock after selling 12,667 shares during the period. Prudential Financial Inc. owned 0.06% of Expeditors International of Washington worth $8,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington in the third quarter valued at approximately $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington in the fourth quarter valued at approximately $1,329,000. Drystone LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth $5,925,000. Finally, Allworth Financial LP raised its position in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EXPD. Susquehanna lifted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus reduced their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Truist Financial assumed coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price on the stock. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.5 %

EXPD opened at $119.71 on Friday. The stock has a market capitalization of $16.52 billion, a P/E ratio of 20.93, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm’s fifty day simple moving average is $115.79 and its 200 day simple moving average is $117.84.

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.