Barclays PLC Sells 144,021 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Barclays PLC sold 144,021 shares of Expeditors (a 28.3% reduction), leaving it with 364,341 shares—about a 0.27% stake worth roughly $44.7 million at quarter-end.
• Expeditors reported Q results of $1.49 EPS (beating by $0.03) while revenue fell 3.3% year-over-year; the company has a net margin of 7.64% and a return on equity of 36.16%.
• Wall Street sentiment is mixed-to-negative: the consensus rating is "Reduce" with an average price target of $134.30, while the stock trades near $145.25 (52-week range $100.47–$167.19) and a market cap of $19.39 billion.

Barclays PLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 28.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,341 shares of the transportation company's stock after selling 144,021 shares during the quarter. Barclays PLC owned about 0.27% of Expeditors International of Washington worth $44,665,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC raised its holdings in Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company's stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $34,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $43,000. CYBER HORNET ETFs LLC bought a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $43,000. Finally, Addison Advisors LLC raised its stake in shares of Expeditors International of Washington by 79.1% during the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company's stock worth $44,000 after buying an additional 170 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $145.25 on Tuesday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The stock has a market cap of $19.39 billion, a P/E ratio of 25.39, a P/E/G ratio of 5.00 and a beta of 1.15. The firm has a 50 day moving average price of $154.83 and a 200 day moving average price of $139.86.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 earned $1.68 EPS. The company's revenue for the quarter was down 3.3% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EXPD. Zacks Research cut shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 14th. Barclays upped their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, January 15th. Susquehanna cut their price target on Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. UBS Group upgraded Expeditors International of Washington from a "neutral" rating to a "buy" rating and raised their price target for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.

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