Banco Bilbao Vizcaya Argentaria S.A. Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 89.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,881 shares of the transportation company's stock after selling 24,510 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Expeditors International of Washington were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic acquired a new stake in Expeditors International of Washington during the 4th quarter worth $1,329,000. Drystone LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $5,925,000. Allworth Financial LP grew its holdings in shares of Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Expeditors International of Washington by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after purchasing an additional 20,658 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $2.96 during trading on Friday, hitting $112.57. 987,486 shares of the company were exchanged, compared to its average volume of 1,266,986. The firm's fifty day moving average price is $113.64 and its 200 day moving average price is $115.28. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Insider Buying and Selling

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 transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EXPD shares. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Truist Financial decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on 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 reissued 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 issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $115.40.

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.