Truist Financial Corp Has $10.11 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Truist Financial Corp decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 91,265 shares of the transportation company’s stock after selling 1,503 shares during the period. Truist Financial Corp owned 0.07% of Expeditors International of Washington worth $10,109,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EXPD. Blue Trust Inc. increased its holdings in shares of Expeditors International of Washington by 106.9% during the 3rd quarter. Blue Trust Inc. now owns 2,257 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 1,166 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Expeditors International of Washington by 6.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,744 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 178 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $293,000. Lecap Asset Management Ltd. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $511,000. Finally, International Assets Investment Management LLC grew its holdings in Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after buying an additional 265,111 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.7 %

Shares of NASDAQ:EXPD opened at $116.44 on Friday. The firm has a market capitalization of $16.30 billion, a PE ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The business’s 50 day moving average is $112.54 and its 200-day moving average is $118.39.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EXPD shares. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday. 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 report on Wednesday, November 6th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. Bank of America lowered their target price on 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. Finally, JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $116.56.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

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.