Principal Financial Group Inc. Trims Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Principal Financial Group Inc. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,167,829 shares of the transportation company’s stock after selling 47,383 shares during the quarter. Principal Financial Group Inc. owned about 0.86% of Expeditors International of Washington worth $143,165,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after buying an additional 999 shares during the last quarter. Woodline Partners LP boosted its holdings in Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after acquiring an additional 1,324 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in shares of Expeditors International of Washington by 28.1% during the second quarter. Simplicity Wealth LLC now owns 8,064 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 1,767 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of analyst reports. Truist Financial upped their price target on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Barclays lifted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $134.10.

Insider Activity at Expeditors International of Washington

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

Expeditors International of Washington Price Performance

Shares of EXPD opened at $163.68 on Tuesday. The firm has a market capitalization of $21.94 billion, a P/E ratio of 28.61, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $164.48. The business has a fifty day moving average of $154.25 and a 200 day moving average of $133.85.

About Expeditors International of Washington

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.