Expeditors International of Washington, Inc. $EXPD Stock Sold by Investment House LLC

Key Points

• Investment House LLC reduced its Expeditors International stake by 16.5% in the third quarter, selling 9,644 shares and retaining 48,714 shares valued at approximately $9.0 million.
• Other institutional investors were active, with several initiating or increasing positions; hedge funds and institutions collectively own 94.02% of EXPD.
• Expeditors reported strong quarterly results, including $2.03 in earnings per share versus a $1.69 estimate and 32.1% year-over-year revenue growth. Despite a share price near its 52-week high, analysts maintain a consensus “Hold” rating with a $175.27 price target.

Investment House LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,714 shares of the transportation company's stock after selling 9,644 shares during the period. Investment House LLC's holdings in Expeditors International of Washington were worth $8,995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JSF Financial LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $1,510,000. Axxcess Wealth Management LLC acquired a new position in Expeditors International of Washington in the third quarter valued at $223,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Expeditors International of Washington by 15.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,233 shares of the transportation company's stock worth $4,659,000 after acquiring an additional 3,394 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Expeditors International of Washington by 1.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,886 shares of the transportation company's stock valued at $758,000 after purchasing an additional 56 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Expeditors International of Washington by 26.3% in the third quarter. Nisa Investment Advisors LLC now owns 26,940 shares of the transportation company's stock valued at $4,974,000 after acquiring an additional 5,615 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $195.95 on Friday. The stock has a fifty day moving average price of $190.46 and a two-hundred day moving average price of $172.11. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52-week low of $116.84 and a 52-week high of $200.66.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data 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 last year, the company posted $1.34 EPS. The company's revenue was up 32.1% compared to the same quarter last year. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the stock a "neutral" rating in a research note on Monday, October 5th. Truist Financial raised their price objective 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. UBS Group increased their target price on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, October 2nd. Finally, Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $175.27.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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