Russell Investments Group Ltd. Reduces Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Russell Investments Group Ltd. trimmed its stake in Expeditors by 7.7% in Q3, selling 17,901 shares and leaving it with 216,045 shares worth about $26.49 million (roughly 0.16% of the company).
• Analysts are mixed: the consensus rating is "Reduce" with a $134.30 target (2 Buys, 6 Holds, 4 Sells), though there have been notable moves such as Bank of America upgrading to Buy and Barclays raising its price target to $135 while remaining Underweight.
• Expeditors beat Q4 EPS estimates ($1.49 vs. $1.46) but revenue fell 3.3% year‑over‑year; the stock trades near $142 with a one‑year range of $100.47–$167.19 and a market cap around $19 billion.

Russell Investments Group Ltd. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,045 shares of the transportation company's stock after selling 17,901 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of Expeditors International of Washington worth $26,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EXPD. Vermillion & White Wealth Management Group LLC grew 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 valued at $31,000 after purchasing an additional 121 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Expeditors International of Washington in the second quarter worth about $43,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $43,000. MUFG Securities EMEA plc purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $47,000. Finally, Root Financial Partners LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $74,000. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 14th. Barclays upped their price objective on 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. Stifel Nicolaus increased their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a "hold" rating in a research note on Tuesday, December 16th. Bank of America upgraded Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. Finally, Susquehanna cut their price target on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Reduce" and a consensus target price of $134.30.

Expeditors International of Washington Stock Performance

EXPD stock opened at $142.20 on Friday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 5.00 and a beta of 1.15. The firm has a 50-day simple moving average of $154.34 and a two-hundred day simple moving average of $140.03.

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

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.