Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 4.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,611,493 shares of the transportation company’s stock after selling 67,306 shares during the period. Legal & General Group Plc owned approximately 1.11% of Expeditors International of Washington worth $184,726,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new stake in shares of Expeditors International of Washington in the third quarter worth about $29,000. First Horizon Advisors Inc. lifted its position in shares of Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 92 shares in the last quarter. Clear Street Markets LLC lifted its position in shares of Expeditors International of Washington by 95.0% in the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 153 shares in the last quarter. Covestor Ltd lifted its position in shares of Expeditors International of Washington by 103.6% in the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 174 shares in the last quarter. Finally, Vestor Capital LLC acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at approximately $59,000. 96.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EXPD shares. Stifel Nicolaus raised their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Thursday, January 11th. Morgan Stanley cut their target price on Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a research note on Monday, November 13th. Finally, JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a research note on Tuesday, January 9th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $106.29.

Get Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Trading Up 0.9 %

NASDAQ:EXPD opened at $122.06 on Friday. The firm has a market cap of $17.56 billion, a PE ratio of 24.41 and a beta of 0.99. The stock has a fifty day moving average price of $124.82 and a 200 day moving average price of $119.86. Expeditors International of Washington, Inc. has a 12-month low of $102.89 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 4.74 EPS for the current year.

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

Further Reading

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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