Expeditors International of Washington, Inc. $EXPD Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 931,382 shares of the transportation company’s stock after selling 24,193 shares during the quarter. Wellington Management Group LLP’s holdings in Expeditors International of Washington were worth $151,797,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC bought a new position in Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $33,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial upped 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. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Barclays boosted their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Stock Down 0.6%

EXPD opened at $189.74 on Tuesday. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $192.28. The firm has a market capitalization of $24.66 billion, a P/E ratio of 33.17, a PEG ratio of 5.00 and a beta of 1.04. The stock has a fifty day moving average of $176.30 and a 200-day moving average of $159.83.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating 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 in the previous year, the company posted $1.34 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Company 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.