Douglas Lane & Associates LLC Sells 6,187 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Douglas Lane & Associates reduced its Expeditors International position by 4.1%, selling 6,187 shares during the third quarter and retaining 144,877 shares valued at approximately $26.75 million.
• Institutional investors own 94.02% of Expeditors’ shares, while analysts maintain a consensus “Hold” rating with an average price target of $175.27.
• Expeditors reported quarterly earnings of $2.03 per share, exceeding estimates of $1.69, as revenue increased 32.1% year over year; the stock recently traded near its 52-week high at $193.58.

Douglas Lane & Associates LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,877 shares of the transportation company's stock after selling 6,187 shares during the quarter. Douglas Lane & Associates LLC owned 0.11% of Expeditors International of Washington worth $26,750,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. RFG Advisory LLC boosted its position in Expeditors International of Washington by 3.5% during the 2nd quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company's stock worth $307,000 after acquiring an additional 64 shares during the period. Nilsine Partners LLC increased its holdings in shares of Expeditors International of Washington by 1.9% in the 2nd quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company's stock valued at $658,000 after purchasing an additional 77 shares during the period. Apella Capital LLC lifted its position in shares of Expeditors International of Washington by 6.8% in the third quarter. Apella Capital LLC now owns 1,295 shares of the transportation company's stock worth $247,000 after purchasing an additional 82 shares in the last quarter. Nicollet Investment Management Inc. boosted its holdings in shares of Expeditors International of Washington by 0.9% during the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company's stock worth $1,656,000 after purchasing an additional 98 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 4.2% during the first quarter. Aaron Wealth Advisors LLC now owns 2,478 shares of the transportation company's stock worth $355,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EXPD shares. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a research note on Wednesday, August 5th. 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 report on Wednesday, July 15th. Barclays boosted their price target on Expeditors International of Washington from $160.00 to $165.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 29th. Finally, Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a "market perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $175.27.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded down $0.13 during trading on Friday, reaching $193.58. 253,023 shares of the company traded hands, compared to its average volume of 1,266,257. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $195.73. The company has a market cap of $25.16 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 5.00 and a beta of 1.07. The stock's 50 day moving average price is $186.97 and its two-hundred day moving average price is $168.38.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 last year, the business earned $1.34 earnings per share. The company's revenue for the quarter was up 32.1% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.

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