SG Americas Securities LLC Has $3.40 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,795 shares of the transportation company’s stock after selling 4,981 shares during the period. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $3,397,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP boosted its stake in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after buying an additional 3,420 shares in the last quarter. Focus Partners Wealth increased its holdings in Expeditors International of Washington by 33.9% in the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after buying an additional 1,324 shares during the period. Finally, Norges Bank bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $111,222,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $145.94 on Friday. The business has a fifty day moving average price of $149.51 and a 200 day moving average price of $142.32. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $167.19. The stock has a market capitalization of $19.41 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. On average, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXPD has been the subject of a number of analyst reports. 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. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Truist Financial decreased their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $134.30.

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.