Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Amundi

Posted by Defense World Staff on Dec 15th, 2022

Amundi cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,817,243 shares of the transportation company’s stock after selling 190,815 shares during the period. Amundi owned about 1.08% of Expeditors International of Washington worth $175,862,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXPD. Capital Analysts LLC boosted its position in shares of Expeditors International of Washington by 0.7% during the second quarter. Capital Analysts LLC now owns 13,893 shares of the transportation company’s stock worth $1,354,000 after buying an additional 95 shares during the period. Denali Advisors LLC boosted its stake in Expeditors International of Washington by 3.7% in the 2nd quarter. Denali Advisors LLC now owns 2,800 shares of the transportation company’s stock worth $273,000 after purchasing an additional 100 shares during the period. Lakeside Advisors INC. raised its position in Expeditors International of Washington by 0.3% during the second quarter. Lakeside Advisors INC. now owns 37,051 shares of the transportation company’s stock valued at $3,611,000 after buying an additional 110 shares during the period. Arizona State Retirement System lifted its position in shares of Expeditors International of Washington by 0.3% in the second quarter. Arizona State Retirement System now owns 47,279 shares of the transportation company’s stock worth $4,608,000 after purchasing an additional 124 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Expeditors International of Washington by 78.0% during the 2nd quarter. Lindbrook Capital LLC now owns 283 shares of the transportation company’s stock valued at $28,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXPD. Susquehanna dropped their target price on Expeditors International of Washington from $110.00 to $95.00 in a research report on Wednesday, November 9th. Cowen dropped their price target on shares of Expeditors International of Washington to $122.00 in a research note on Tuesday, November 15th. Morgan Stanley reduced their price objective on shares of 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. Barclays lowered their target price on shares of Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, October 13th. Finally, BNP Paribas began coverage on Expeditors International of Washington in a research note on Thursday, December 1st. They set a “neutral” rating and a $107.00 price target for the company. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.78.

Insider Buying and Selling

In other Expeditors International of Washington news, CFO Bradley S. Powell sold 17,206 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $106.23, for a total value of $1,827,793.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Jeffrey F. Dickerman sold 986 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $106.59, for a total value of $105,097.74. Following the completion of the transaction, the vice president now directly owns 1,770 shares of the company’s stock, valued at approximately $188,664.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bradley S. Powell sold 17,206 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $106.23, for a total value of $1,827,793.38. The disclosure for this sale can be found here. Insiders sold a total of 29,692 shares of company stock valued at $3,237,336 over the last ninety days. 0.55% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $112.79 on Thursday. The firm’s 50-day moving average is $103.20 and its 200-day moving average is $101.17. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 11.85 and a beta of 0.96. Expeditors International of Washington, Inc. has a 52-week low of $86.08 and a 52-week high of $137.80.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.62. Expeditors International of Washington had a return on equity of 44.27% and a net margin of 8.36%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 8.69 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 14.08%.

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.