Wellington Management Group LLP Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wellington Management Group LLP decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,516,587 shares of the transportation company’s stock after selling 671,058 shares during the quarter. Wellington Management Group LLP owned approximately 1.10% of Expeditors International of Washington worth $167,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. MV Capital Management Inc. increased its holdings in Expeditors International of Washington by 0.7% during the 4th quarter. MV Capital Management Inc. now owns 21,583 shares of the transportation company’s stock valued at $2,391,000 after purchasing an additional 155 shares during the period. Allstate Corp purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $429,000. Orion Portfolio Solutions LLC raised its holdings in shares of Expeditors International of Washington by 8.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 193 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Expeditors International of Washington by 5.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 212,847 shares of the transportation company’s stock worth $23,577,000 after acquiring an additional 10,714 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Expeditors International of Washington by 12.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 389,836 shares of the transportation company’s stock valued at $43,182,000 after acquiring an additional 42,823 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 0.3 %

NASDAQ EXPD opened at $121.84 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock’s fifty day moving average price is $116.37 and its 200-day moving average price is $117.84. The stock has a market cap of $16.78 billion, a P/E ratio of 21.30, a P/E/G ratio of 5.00 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Susquehanna raised their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. 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, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $115.90.

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.