Truist Financial Corp Sells 1,503 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Truist Financial Corp decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 91,265 shares of the transportation company’s stock after selling 1,503 shares during the quarter. Truist Financial Corp’s holdings in Expeditors International of Washington were worth $10,109,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EXPD. Hara Capital LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington in the 3rd quarter valued at $57,000. Maia Wealth LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at $59,000. Asset Dedication LLC raised its position in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other Expeditors International of Washington news, 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 value of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Down 0.7 %

Shares of Expeditors International of Washington stock opened at $116.44 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The business has a fifty day simple moving average of $112.54 and a 200 day simple moving average of $118.39. The stock has a market cap of $16.30 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98.

Analyst Ratings Changes

Several brokerages have issued reports on EXPD. Bank of America cut their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.