Expeditors International of Washington, Inc. $EXPD Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,045 shares of the transportation company’s stock after selling 17,901 shares during the quarter. Russell Investments Group Ltd.’s holdings in Expeditors International of Washington were worth $26,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares in the last quarter. Focus Partners Wealth raised its position in shares of Expeditors International of Washington by 33.9% in the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Expeditors International of Washington by 25.6% in the 2nd quarter. Allworth Financial LP now owns 8,284 shares of the transportation company’s stock valued at $946,000 after purchasing an additional 1,686 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Susquehanna dropped their target price on shares of 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. Barclays raised their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Morgan Stanley boosted their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Finally, Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Two investment 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 data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $134.30.

Expeditors International of Washington Stock Up 1.0%

Shares of EXPD opened at $142.20 on Friday. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19. The stock’s 50-day moving average price is $154.34 and its 200-day moving average price is $140.03.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

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.