First Eagle Investment Management LLC Sells 3,924,197 Shares of Expeditors International of Washington, Inc. $EXPD

First Eagle Investment Management LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 66.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,020,988 shares of the transportation company’s stock after selling 3,924,197 shares during the period. First Eagle Investment Management LLC’s holdings in Expeditors International of Washington were worth $329,381,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $30,000. Bard Associates Inc. bought a new position in shares of Expeditors International of Washington in the 4th quarter worth about $32,000. Finally, Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the 2nd quarter worth about $33,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EXPD. Barclays boosted their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Truist Financial lifted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp assumed coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, UBS Group upped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Down 0.1%

NASDAQ:EXPD opened at $188.60 on Monday. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 5.00 and a beta of 1.06. The company’s 50 day moving average price is $178.44 and its 200-day moving average price is $160.92. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Profile

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.