Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by abrdn plc

abrdn plc lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 598,299 shares of the transportation company’s stock after selling 24,366 shares during the period. abrdn plc owned about 0.43% of Expeditors International of Washington worth $66,265,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hara Capital LLC bought a new position in Expeditors International of Washington during the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth about $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth about $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after buying an additional 300 shares during the last quarter. Finally, Asset Dedication LLC raised its stake in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 1.6 %

Expeditors International of Washington stock opened at $112.51 on Wednesday. The company’s 50-day moving average price is $114.36 and its two-hundred day moving average price is $119.27. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 3.87 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. Research analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXPD shares. Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. StockNews.com raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $117.44.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.75% of the stock is owned by insiders.

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.