Asset Management One Co. Ltd. Sells 3,417 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by on Apr 30th, 2023

Asset Management One Co. Ltd. decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,466 shares of the transportation company’s stock after selling 3,417 shares during the period. Asset Management One Co. Ltd.’s holdings in Expeditors International of Washington were worth $7,200,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Expeditors International of Washington by 1,025.5% in the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after buying an additional 902,600 shares in the last quarter. Assetmark Inc. grew its position in Expeditors International of Washington by 2,387.7% during the 3rd quarter. Assetmark Inc. now owns 725,474 shares of the transportation company’s stock worth $64,067,000 after acquiring an additional 696,312 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Expeditors International of Washington by 299.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 842,131 shares of the transportation company’s stock worth $74,369,000 after acquiring an additional 631,429 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Expeditors International of Washington by 4,245.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 321,505 shares of the transportation company’s stock worth $28,392,000 after purchasing an additional 314,107 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Expeditors International of Washington by 111.1% in the third quarter. Russell Investments Group Ltd. now owns 553,738 shares of the transportation company’s stock valued at $49,158,000 after purchasing an additional 291,470 shares during the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.

Expeditors International of Washington Stock Up 2.0 %

Shares of NASDAQ EXPD opened at $113.84 on Friday. The company has a market capitalization of $17.58 billion, a PE ratio of 13.82 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $86.08 and a twelve month high of $119.90. The firm has a fifty day simple moving average of $108.05 and a 200 day simple moving average of $107.21.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The transportation company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.71). Expeditors International of Washington had a net margin of 7.95% and a return on equity of 38.81%. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $4.17 billion. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXPD. Morgan Stanley lowered their price objective on Expeditors International of Washington from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday, April 4th. Wells Fargo & Company raised their price target on shares of Expeditors International of Washington from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, February 22nd. StockNews.com initiated coverage on shares of Expeditors International of Washington in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Cowen decreased their price objective on Expeditors International of Washington from $122.00 to $108.00 in a report on Friday, January 6th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $100.38.

Insiders Place Their Bets

In other news, CEO Jeffrey S. Musser sold 10,000 shares of Expeditors International of Washington stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $109.76, for a total value of $1,097,600.00. Following the completion of the sale, the chief executive officer now owns 137,309 shares in the company, valued at approximately $15,071,035.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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