Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Forsta AP Fonden

Posted by MarketBeat News on Oct 27th, 2023

Forsta AP Fonden trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,100 shares of the transportation company’s stock after selling 13,100 shares during the quarter. Forsta AP Fonden owned about 0.06% of Expeditors International of Washington worth $11,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPD. Financial Gravity Asset Management Inc. acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $203,000. Graham Capital Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $237,859,000. First Horizon Advisors Inc. increased its position in shares of Expeditors International of Washington by 53.8% in the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Clear Street Markets LLC boosted its holdings in shares of Expeditors International of Washington by 95.0% in the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after buying an additional 153 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Expeditors International of Washington by 103.6% in the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after buying an additional 174 shares in the last quarter. 96.73% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.3 %

EXPD opened at $108.50 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $91.84 and a 52-week high of $128.04. The company has a 50 day moving average of $115.46 and a two-hundred day moving average of $116.49. The company has a market cap of $16.05 billion, a P/E ratio of 16.27 and a beta of 1.01.

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Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings data 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 analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Expeditors International of Washington’s quarterly revenue was down 51.3% compared to the same quarter last year. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna increased their price target on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Morgan Stanley reduced 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 research note on Monday, October 2nd. Stephens lifted their target price on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 9th. Stifel Nicolaus boosted their price objective on shares of 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. Finally, StockNews.com began coverage on shares of Expeditors International of Washington in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.09.

View Our Latest Stock Report on Expeditors International of Washington

Expeditors International of Washington Profile

(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.