Third View Private Wealth LLC Takes Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Third View Private Wealth LLC disclosed a new Q4 stake in Expeditors International (NASDAQ:EXPD) of 22,296 shares valued at about $3.322 million, according to its 13F filing.
• In the latest quarter (reported Feb. 24) Expeditors earned $1.49 EPS, beating estimates by $0.03, while revenue declined 3.3% year‑over‑year; the company reported a 7.64% net margin and a 36.16% return on equity.
• Analyst sentiment is tepid: MarketBeat shows an average rating of Reduce and an average price target of $134.30, with multiple firms lowering price targets or moving to hold/underweight.

Third View Private Wealth LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,296 shares of the transportation company's stock, valued at approximately $3,322,000.

Other hedge funds have also bought and sold shares of the company. eCIO Inc. bought a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $37,000. Community Bank N.A. bought a new stake in Expeditors International of Washington during the third quarter valued at approximately $34,000. Bartlett & CO. Wealth Management LLC bought a new stake in Expeditors International of Washington during the third quarter valued at approximately $43,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Expeditors International of Washington by 63.6% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company's stock valued at $44,000 after purchasing an additional 140 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Expeditors International of Washington during the second quarter valued at about $43,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $143.44 on Tuesday. The company has a market capitalization of $19.08 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a one year low of $103.76 and a one year high of $167.19. The company's 50 day moving average price is $147.35 and its two-hundred day moving average price is $143.71.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS 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%. Expeditors International of Washington's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXPD shares. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Zacks Research downgraded Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 14th. Truist Financial lowered their price target on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, February 25th. Susquehanna lowered 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 report on Wednesday, February 25th. Finally, Barclays raised their price target 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. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average 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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