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

Wellington Management Group LLP reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,382 shares of the transportation company’s stock after selling 24,193 shares during the quarter. Wellington Management Group LLP owned approximately 0.72% of Expeditors International of Washington worth $151,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EXPD. Rossby Financial LCC raised its position in shares of Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares in the last quarter. Hardy Reed LLC grew its stake in Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares during the period. Meeder Advisory Services Inc. increased its holdings in Expeditors International of Washington by 5.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. grew its stake in shares of Expeditors International of Washington by 0.9% in the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after buying an additional 98 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $189.74 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $192.28. The firm’s 50-day simple moving average is $176.30 and its 200-day simple moving average is $159.83. The firm has a market cap of $24.66 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period last year, the company earned $1.34 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EXPD shares. Barclays boosted their target price on shares of 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. Bank of America upped their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. UBS Group raised their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Truist Financial lifted their target price on 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. Finally, Susquehanna boosted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $168.78.

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.