Natixis Advisors LLC Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Natixis Advisors LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,950 shares of the transportation company’s stock after selling 122,083 shares during the period. Natixis Advisors LLC’s holdings in Expeditors International of Washington were worth $56,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $57,000. Intact Investment Management Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $66,000. Finally, Asset Dedication LLC boosted its position in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Stock Down 1.0 %

NASDAQ:EXPD opened at $115.29 on Friday. The company has a market cap of $15.91 billion, a P/E ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm’s 50 day moving average is $114.45 and its two-hundred day moving average is $118.19.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EXPD shares. Bank of America lowered 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 report on Thursday, January 16th. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Truist Financial started coverage on shares of Expeditors International of Washington in a report on Thursday. They issued a “hold” rating and a $110.00 price objective for the company. UBS Group cut 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 report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $115.90.

About Expeditors International of Washington

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.