Kingsview Wealth Management LLC Decreases Stake in Expeditors International of Washington, Inc. $EXPD

Kingsview Wealth Management LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,433 shares of the transportation company’s stock after selling 3,756 shares during the period. Kingsview Wealth Management LLC’s holdings in Expeditors International of Washington were worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC raised its holdings in shares of Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC grew its holdings in shares of Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of Expeditors International of Washington by 5.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares during the period. Finally, Nicollet Investment Management Inc. increased its position in shares of Expeditors International of Washington by 0.9% in the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after acquiring an additional 98 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $191.24 on Friday. The stock has a market cap of $24.86 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a fifty day moving average price of $175.78 and a 200 day moving average price of $159.66. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXPD. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group raised their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Truist Financial lifted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $168.78.

About Expeditors International of Washington

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.