Principal Securities Inc. Reduces Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Principal Securities Inc. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,190 shares of the transportation company’s stock after selling 157 shares during the period. Principal Securities Inc.’s holdings in Expeditors International of Washington were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Manchester Capital Management LLC raised its stake in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after buying an additional 103 shares during the last quarter. Banque Pictet & Cie SA boosted its stake in shares of Expeditors International of Washington by 9.7% in the fourth quarter. Banque Pictet & Cie SA now owns 72,336 shares of the transportation company’s stock worth $8,013,000 after buying an additional 6,390 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in 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 acquiring an additional 20,658 shares during the period. Marks Group Wealth Management Inc raised its position in Expeditors International of Washington by 2.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 38,612 shares of the transportation company’s stock valued at $4,277,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Portfolio Design Labs LLC lifted its holdings in Expeditors International of Washington by 45.4% in the fourth quarter. Portfolio Design Labs LLC now owns 22,236 shares of the transportation company’s stock valued at $2,463,000 after acquiring an additional 6,939 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 1.6 %

Shares of NASDAQ EXPD opened at $118.41 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The company’s 50-day simple moving average is $112.57 and its 200-day simple moving average is $118.39. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXPD shares. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. UBS Group lowered their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.56.

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.