Expeditors International of Washington, Inc. $EXPD Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,978,828 shares of the transportation company’s stock after selling 98,519 shares during the quarter. First Trust Advisors LP’s holdings in Expeditors International of Washington were worth $242,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 acquiring an additional 999 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth increased its position in Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Expeditors International of Washington in the 2nd quarter valued at about $398,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $146.66 on Friday. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19. The company has a 50 day moving average price of $154.94 and a 200 day moving average price of $139.53.

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 net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the firm posted $1.68 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXPD shares. Susquehanna reduced their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Barclays upped their price objective on shares of 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. Truist Financial lowered their target price on shares of 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. Finally, UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price target for the company from $138.00 to $166.00 in a report on Monday, November 17th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $134.30.

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.