American Century Companies Inc. trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,342 shares of the transportation company’s stock after selling 17,431 shares during the quarter. American Century Companies Inc. owned about 0.16% of Expeditors International of Washington worth $27,414,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of EXPD. Raleigh Capital Management Inc. lifted its stake in Expeditors International of Washington by 200.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 252 shares of the transportation company’s stock worth $26,000 after purchasing an additional 168 shares in the last quarter. New Hampshire Trust purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $26,000. U.S. Capital Wealth Advisors LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $33,000. Covestor Ltd lifted its stake in Expeditors International of Washington by 103.6% in the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after purchasing an additional 174 shares in the last quarter. Finally, Bbjs Financial Advisors LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $46,000. 96.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Barclays lifted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 in a research report on Wednesday, May 3rd. Morgan Stanley boosted their target price on Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a research report on Monday, August 14th. Stephens boosted their target price on Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Finally, JPMorgan Chase & Co. began coverage on Expeditors International of Washington in a research report on Friday, August 11th. They issued an “underweight” rating and a $110.00 target price on the stock. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.18.
Insider Activity at Expeditors International of Washington
In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 30,041 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $111.30, for a total transaction of $3,343,563.30. Following the completion of the transaction, the chief executive officer now owns 116,587 shares in the company, valued at approximately $12,976,133.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is currently owned by insiders.
Expeditors International of Washington Stock Up 1.8 %
NASDAQ:EXPD opened at $117.06 on Wednesday. The stock’s 50 day moving average price is $120.03 and its 200 day moving average price is $114.27. The company has a market capitalization of $17.31 billion, a PE ratio of 17.55 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52-week low of $86.08 and a 52-week high of $128.04.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The company’s quarterly revenue was down 51.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.36 EPS for the current fiscal year.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.
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