Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 597,867 shares of the transportation company's stock after selling 27,063 shares during the quarter. Hsbc Holdings PLC owned about 0.43% of Expeditors International of Washington worth $66,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Expeditors International of Washington by 2.4% in the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company's stock worth $75,099,000 after acquiring an additional 13,479 shares during the period. SkyView Investment Advisors LLC lifted its position in Expeditors International of Washington by 5.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,421 shares of the transportation company's stock worth $712,000 after buying an additional 277 shares during the period. World Investment Advisors LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter worth about $222,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $57,000. Finally, Synovus Financial Corp increased its stake in shares of Expeditors International of Washington by 98.2% during the 3rd quarter. Synovus Financial Corp now owns 6,975 shares of the transportation company's stock valued at $917,000 after acquiring an additional 3,456 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on EXPD shares. UBS Group dropped their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Truist Financial dropped their price target on 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. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have issued 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 target price of $115.40.

Expeditors International of Washington Stock Down 0.0 %

NASDAQ EXPD traded down $0.02 during trading hours on Wednesday, hitting $108.34. The company had a trading volume of 197,047 shares, compared to its average volume of 1,270,094. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market cap of $14.92 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The business has a fifty day simple moving average of $114.03 and a 200-day simple moving average of $115.47.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company's stock.

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.