NewEdge Advisors LLC Sells 5,483 Shares of Expeditors International of Washington, Inc. $EXPD

NewEdge Advisors LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 49.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,586 shares of the transportation company’s stock after selling 5,483 shares during the period. NewEdge Advisors LLC’s holdings in Expeditors International of Washington were worth $800,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp grew its stake in Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after acquiring an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Expeditors International of Washington by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after purchasing an additional 32,063 shares in the last quarter. Wellington Management Group LLP lifted its stake in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Expeditors International of Washington by 733.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Expeditors International of Washington by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock valued at $218,068,000 after purchasing an additional 37,795 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. UBS Group boosted their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Susquehanna upped their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Truist Financial raised their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $186.25 on Thursday. The firm has a market capitalization of $24.21 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $189.99. The firm has a fifty day moving average of $172.19 and a 200 day moving average of $158.37.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the business earned $1.34 EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

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.