Thrivent Financial for Lutherans Has $78.69 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Thrivent Financial for Lutherans lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 710,409 shares of the transportation company’s stock after selling 2,118 shares during the period. Thrivent Financial for Lutherans’ holdings in Expeditors International of Washington were worth $78,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Franklin Resources Inc. increased its holdings in Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the third quarter valued at about $4,363,000. Pensionfund Sabic bought a new stake in Expeditors International of Washington in the fourth quarter valued at about $1,329,000. Finally, Drystone LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at about $5,925,000. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $117.14 on Wednesday. The company has a market cap of $16.17 billion, a PE ratio of 20.48, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The stock has a 50-day simple moving average of $114.69 and a 200 day simple moving average of $118.08.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on 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 lowered their price target on 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price 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.