Asset Management One Co. Ltd. Sells 14,542 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Oct 18th, 2022

Asset Management One Co. Ltd. cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,834 shares of the transportation company’s stock after selling 14,542 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Expeditors International of Washington were worth $7,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. JustInvest LLC lifted its holdings in shares of Expeditors International of Washington by 30.8% during the 4th quarter. JustInvest LLC now owns 7,338 shares of the transportation company’s stock valued at $985,000 after buying an additional 1,728 shares during the period. Resources Investment Advisors LLC. lifted its holdings in shares of Expeditors International of Washington by 27.4% during the 4th quarter. Resources Investment Advisors LLC. now owns 3,117 shares of the transportation company’s stock valued at $419,000 after buying an additional 670 shares during the period. Quent Capital LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $45,000. Norges Bank purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth $188,947,000. Finally, Psagot Value Holdings Ltd. Israel increased its stake in shares of Expeditors International of Washington by 3,535.7% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 509 shares of the transportation company’s stock worth $68,000 after purchasing an additional 495 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXPD. StockNews.com began coverage on Expeditors International of Washington in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley reduced their price objective on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a research note on Monday, October 3rd. Wolfe Research lowered Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, July 12th. Barclays cut their price target on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating for the company in a research note on Thursday, October 13th. Finally, Wells Fargo & Company decreased their price target on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, July 15th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.75.

Expeditors International of Washington Trading Up 2.3 %

Shares of EXPD stock opened at $92.00 on Tuesday. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $137.80. The stock’s 50-day moving average price is $98.02 and its 200-day moving average price is $100.37. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 10.14 and a beta of 0.91.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its earnings results on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.18. Expeditors International of Washington had a return on equity of 42.95% and a net margin of 8.09%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.70 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The business’s revenue was up 27.5% compared to the same quarter last year. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 7.87 EPS for the current fiscal year.

About Expeditors International of Washington

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Expeditors International of Washington, Inc 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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