Expeditors International of Washington, Inc. $EXPD Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 23,433 shares of the transportation company’s stock after selling 3,756 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Expeditors International of Washington were worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at $30,000. Hara Capital LLC purchased a new position in Expeditors International of Washington in the second quarter valued at $33,000. Finally, Bard Associates Inc. purchased a new position in Expeditors International of Washington in the fourth quarter valued at $32,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.3%

EXPD opened at $191.24 on Friday. The firm’s fifty day simple moving average is $175.78 and its two-hundred day simple moving average is $159.66. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $192.28. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 5.00 and a beta of 1.04.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Susquehanna lifted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Stifel Nicolaus increased their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, TD Cowen boosted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.