Assetmark Inc. Sells 7,020 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• AssetMark Inc. sold 7,020 shares of Expeditors, reducing its position 1.9% to 362,248 shares (about 0.27% of the company) valued at roughly $53.98 million per its latest 13F filing.
• Expeditors beat Q4 EPS estimates ($1.49 vs. $1.46) while revenue fell 3.3% year‑over‑year; the stock trades around $144.89, has a $19.27 billion market cap and a 52‑week range of $103.76–$167.19.
• Institutional investors own 94.02% of the shares, and analysts carry a mixed set of ratings with a MarketBeat consensus of "Reduce" and a $134.30 target price.

Assetmark Inc. decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 362,248 shares of the transportation company's stock after selling 7,020 shares during the period. Assetmark Inc. owned 0.27% of Expeditors International of Washington worth $53,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its stake in shares of Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company's stock valued at $514,000 after purchasing an additional 71 shares in the last quarter. RIA Advisory Group LLC increased its stake in shares of Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company's stock valued at $364,000 after purchasing an additional 78 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company's stock valued at $256,000 after purchasing an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company's stock valued at $806,000 after purchasing an additional 95 shares in the last quarter. Finally, Atria Investments Inc increased its stake in shares of Expeditors International of Washington by 0.3% during the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company's stock valued at $4,122,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $144.89 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $103.76 and a one year high of $167.19. The stock has a 50-day moving average of $147.00 and a 200 day moving average of $143.87. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate 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 prior year, the business posted $1.68 earnings per share. Expeditors International of Washington's quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXPD. Zacks Research downgraded shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 14th. 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. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a research report on Monday, January 12th. Truist Financial reduced their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, February 25th. Finally, Susquehanna reduced their price target on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $134.30.

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.

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