Douglas Lane & Associates LLC Sells 6,187 Shares of Expeditors International of Washington, Inc. $EXPD

Douglas Lane & Associates LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.1% during the third quarter, Holdings Channel reports. The institutional investor owned 144,877 shares of the transportation company’s stock after selling 6,187 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Expeditors International of Washington were worth $26,750,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EXPD. GAMMA Investing LLC raised its position in shares of Expeditors International of Washington by 11.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,513 shares of the transportation company’s stock valued at $1,756,000 after acquiring an additional 988 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Expeditors International of Washington by 4.8% during the third quarter. Farther Finance Advisors LLC now owns 3,422 shares of the transportation company’s stock worth $632,000 after acquiring an additional 156 shares in the last quarter. Apella Capital LLC raised its stake in shares of Expeditors International of Washington by 6.8% in the 3rd quarter. Apella Capital LLC now owns 1,295 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 82 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $206,000. Finally, Wealth Enhancement Trust Services Inc. lifted its position in shares of Expeditors International of Washington by 1,161.5% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 656 shares of the transportation company’s stock worth $121,000 after purchasing an additional 604 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on EXPD. Bank of America increased their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Barclays increased their price target on Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, September 29th. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Truist Financial raised their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $175.27.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $0.13 during mid-day trading on Friday, hitting $193.58. 253,023 shares of the stock were exchanged, compared to its average volume of 1,266,257. The firm’s 50-day simple moving average is $186.97 and its 200 day simple moving average is $168.38. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $195.73.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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%.The company’s revenue was up 32.1% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.