Hsbc Holdings PLC Sells 9,853 Shares of Expeditors International of Washington, Inc. $EXPD

Hsbc Holdings PLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% during the second quarter, HoldingsChannel.com reports. The firm owned 843,302 shares of the transportation company’s stock after selling 9,853 shares during the quarter. Hsbc Holdings PLC’s holdings in Expeditors International of Washington were worth $137,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rossby Financial LCC raised its position in shares of Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. raised its holdings in Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC lifted its stake in shares of Expeditors International of Washington by 2.8% in the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Expeditors International of Washington by 5.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after buying an additional 96 shares during the last quarter. Finally, Nicollet Investment Management Inc. increased its position in shares of Expeditors International of Washington by 0.9% during the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $188.90 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $112.94 and a one year high of $189.99. The business has a fifty day moving average price of $174.00 and a 200-day moving average price of $159.07. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

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 (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $1.34 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. UBS Group lifted their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Bank of America raised their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington 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.