Simplicity Wealth LLC Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Simplicity Wealth LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 63.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,565 shares of the transportation company’s stock after selling 4,407 shares during the period. Simplicity Wealth LLC’s holdings in Expeditors International of Washington were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after purchasing an additional 257,791 shares during the last quarter. Marshfield Associates raised its holdings in shares of Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Amundi raised its holdings in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock worth $163,653,000 after purchasing an additional 8,101 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Expeditors International of Washington by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock worth $139,484,000 after purchasing an additional 98,197 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Expeditors International of Washington by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock worth $108,997,000 after purchasing an additional 53,738 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. UBS Group dropped their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Bank of America dropped their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Stock Down 3.5 %

Shares of NASDAQ EXPD opened at $122.03 on Tuesday. The company’s 50-day simple moving average is $113.98 and its 200-day simple moving average is $118.33. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

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.