PNC Financial Services Group Inc. Sells 3,314 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PNC Financial Services Group Inc. trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,761 shares of the transportation company's stock after selling 3,314 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Expeditors International of Washington were worth $6,585,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington in the first quarter worth $26,000. Garde Capital Inc. purchased a new stake in Expeditors International of Washington during the first quarter valued at $37,000. Colonial Trust Co SC lifted its position in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $42,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent research reports. Truist Financial upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. UBS Group boosted their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Stock Performance

EXPD stock traded down $0.77 during midday trading on Thursday, reaching $117.96. The company's stock had a trading volume of 1,123,776 shares, compared to its average volume of 1,387,708. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 5.00 and a beta of 1.05. The stock has a fifty day simple moving average of $114.79 and a two-hundred day simple moving average of $114.01.

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.