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

Key Points

• First Trust Advisors LP trimmed its stake in Expeditors by 4.7%, selling 98,519 shares and leaving 1,978,828 shares valued at about $242.6 million (≈1.48% ownership).
• Analyst sentiment is mixed-to-negative: the stock has an average rating of "Reduce" with an average price target of $134.30 (two Buy, five Hold, four Sell ratings reported).
• Expeditors reported quarterly EPS of $1.49 (beat by $0.03) while revenue fell 3.3% year-over-year; shares trade around $146.66 with a 52-week range of $100.47–$167.19 and a market cap near $19.6 billion.

First Trust Advisors LP lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,978,828 shares of the transportation company's stock after selling 98,519 shares during the period. First Trust Advisors LP owned about 1.48% of Expeditors International of Washington worth $242,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC increased its position 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 period. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington in the second quarter valued at approximately $34,000. Bartlett & CO. Wealth Management LLC acquired a new position in Expeditors International of Washington during the third quarter worth $43,000. CYBER HORNET ETFs LLC acquired a new position in Expeditors International of Washington during the second quarter worth $43,000. Finally, Addison Advisors LLC raised its position in Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company's stock worth $44,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EXPD. Truist Financial reduced their target price on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, February 25th. Morgan Stanley increased their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an "underweight" rating in a report on Monday, December 8th. Zacks Research downgraded shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 14th. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Finally, Susquehanna lowered 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 research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Reduce" and an average price target of $134.30.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $146.66 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $167.19. 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. The stock's fifty day moving average is $154.94 and its two-hundred day moving average is $139.53.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (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 quarter in the prior year, the firm posted $1.68 earnings per share. The firm's quarterly revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

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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