abrdn plc Increases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

abrdn plc boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,641 shares of the transportation company’s stock after purchasing an additional 47,053 shares during the quarter. abrdn plc’s holdings in Expeditors International of Washington were worth $73,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EXPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Expeditors International of Washington by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock worth $2,338,000 after purchasing an additional 1,404 shares in the last quarter. Sei Investments Co. lifted its stake in Expeditors International of Washington by 6.7% in the 1st quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock worth $13,801,000 after purchasing an additional 8,438 shares in the last quarter. National Pension Service lifted its stake in Expeditors International of Washington by 4.9% in the 1st quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock worth $29,784,000 after purchasing an additional 13,608 shares in the last quarter. Vanguard Group Inc. lifted its stake in Expeditors International of Washington by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after purchasing an additional 190,319 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its stake in Expeditors International of Washington by 234.3% in the 1st quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after purchasing an additional 403 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Thursday, January 11th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, Bank of America began coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.63.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $114.61 on Friday. Expeditors International of Washington, Inc. has a one year low of $106.43 and a one year high of $131.17. The company’s fifty day moving average price is $119.78 and its 200-day moving average price is $120.60. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 8.47 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $1.38 EPS. Expeditors International of Washington’s revenue for the quarter was down 33.8% on a year-over-year basis. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Expeditors International of Washington Company Profile

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.