Principal Financial Group Inc. Cuts Stock Position in Expeditors International of Washington, Inc. $EXPD

Principal Financial Group Inc. lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,167,829 shares of the transportation company’s stock after selling 47,383 shares during the period. Principal Financial Group Inc.’s holdings in Expeditors International of Washington were worth $143,165,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC raised its position in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington during the second quarter valued at $34,000. CYBER HORNET ETFs LLC bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter worth $43,000. Finally, Addison Advisors LLC lifted its stake in Expeditors International of Washington by 79.1% in the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after purchasing an additional 170 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXPD shares. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Barclays upped their price objective on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Finally, Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Trading Up 2.0%

Shares of EXPD opened at $163.68 on Tuesday. The company’s fifty day simple moving average is $154.25 and its 200-day simple moving average is $133.85. The company has a market cap of $21.94 billion, a P/E ratio of 28.61, a P/E/G ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $164.48.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.