UBS Group AG Has $199.86 Million Holdings in Expeditors International of Washington, Inc. $EXPD

UBS Group AG trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,341,220 shares of the transportation company’s stock after selling 26,517 shares during the period. UBS Group AG’s holdings in Expeditors International of Washington were worth $199,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EXPD. Community Bank N.A. acquired a new position in shares of Expeditors International of Washington in the third quarter valued at $34,000. Geneos Wealth Management Inc. raised its stake in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. eCIO Inc. acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at $37,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Expeditors International of Washington by 63.6% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 140 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Expeditors International of Washington in the second quarter valued at $47,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. Barclays upped their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Susquehanna cut their target price on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $148.84 on Thursday. The business’s fifty day moving average price is $145.37 and its two-hundred day moving average price is $145.80. Expeditors International of Washington, Inc. has a fifty-two week low of $106.00 and a fifty-two week high of $167.19. The stock has a market capitalization of $19.79 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

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.