Paces Ferry Wealth Advisors LLC Sells 114 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Paces Ferry Wealth Advisors LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,125 shares of the transportation company’s stock after selling 114 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Expeditors International of Washington were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of EXPD. Stevens Capital Management LP bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $1,174,000. Fox Run Management L.L.C. boosted its stake in shares of Expeditors International of Washington by 14.7% during the fourth quarter. Fox Run Management L.L.C. now owns 11,358 shares of the transportation company’s stock valued at $1,258,000 after purchasing an additional 1,456 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Expeditors International of Washington in the 4th quarter worth about $14,910,000. Mizuho Securities USA LLC increased its stake in Expeditors International of Washington by 45.0% in the 4th quarter. Mizuho Securities USA LLC now owns 13,267 shares of the transportation company’s stock worth $1,470,000 after buying an additional 4,116 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Expeditors International of Washington by 379.2% during the 4th quarter. Quantbot Technologies LP now owns 45,546 shares of the transportation company’s stock valued at $5,045,000 after buying an additional 36,042 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $116.19 on Friday. The firm has a 50-day simple moving average of $114.97 and a two-hundred day simple moving average of $117.97. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 5.00 and a beta of 1.00.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXPD. 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 report on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective on the stock. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America cut 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. Finally, StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.