Expeditors International of Washington, Inc. $EXPD Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,800 shares of the transportation company’s stock after selling 22,200 shares during the period. Swiss National Bank owned 0.29% of Expeditors International of Washington worth $48,399,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC raised its position in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the period. CYBER HORNET ETFs LLC bought a new position in Expeditors International of Washington during the 2nd quarter worth $43,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Expeditors International of Washington in the third quarter worth $43,000. MUFG Securities EMEA plc acquired a new stake in Expeditors International of Washington in the second quarter worth $47,000. Finally, Root Financial Partners LLC bought a new stake in Expeditors International of Washington in the third quarter valued at $74,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several analyst reports. Truist Financial reduced their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Susquehanna cut their price objective 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 boosted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Finally, Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Price Performance

EXPD stock opened at $142.20 on Friday. The firm has a market cap of $18.98 billion, a PE ratio of 24.86, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $167.19. The firm has a 50 day simple moving average of $154.34 and a 200 day simple moving average of $140.03.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington 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.