Busey Wealth Management Sells 135 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by MarketBeat News on Oct 2nd, 2023

Busey Wealth Management lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,465 shares of the transportation company’s stock after selling 135 shares during the quarter. Busey Wealth Management owned approximately 0.06% of Expeditors International of Washington worth $10,716,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after acquiring an additional 190,319 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Expeditors International of Washington by 100,489.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,525,644 shares of the transportation company’s stock valued at $427,061,000 after acquiring an additional 3,522,139 shares in the last quarter. Bank of America Corp DE raised its position in Expeditors International of Washington by 16.2% during the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock valued at $385,481,000 after acquiring an additional 488,561 shares in the last quarter. Boston Partners increased its holdings in Expeditors International of Washington by 19.3% in the first quarter. Boston Partners now owns 3,044,844 shares of the transportation company’s stock valued at $335,370,000 after buying an additional 491,704 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Expeditors International of Washington by 548.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,539,948 shares of the transportation company’s stock valued at $44,987,000 after buying an additional 2,147,954 shares in the last quarter. Institutional investors own 96.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXPD. Morgan Stanley cut their price objective on shares of Expeditors International of Washington from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday. Stephens lifted their price objective on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, August 9th. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, July 19th. Susquehanna increased their target price on 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. Finally, StockNews.com assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $106.09.

Want More Great Investing Ideas?

View Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Trading Up 0.1 %

EXPD traded up $0.10 on Monday, hitting $114.73. 1,095,405 shares of the company’s stock were exchanged, compared to its average volume of 1,202,803. Expeditors International of Washington, Inc. has a fifty-two week low of $86.12 and a fifty-two week high of $128.04. The firm has a 50-day moving average price of $117.96 and a 200-day moving average price of $115.42. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 17.17 and a beta of 1.01.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down 51.3% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.36 EPS for the current year.

About Expeditors International of Washington

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report).

Receive News & Ratings for Expeditors International of Washington Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.