abrdn plc Sells 24,366 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

abrdn plc lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 598,299 shares of the transportation company's stock after selling 24,366 shares during the period. abrdn plc owned approximately 0.43% of Expeditors International of Washington worth $66,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EXPD. Two Sigma Advisers LP raised its holdings in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock valued at $56,042,000 after purchasing an additional 399,800 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after acquiring an additional 308,390 shares during the last quarter. KBC Group NV raised its holdings in shares of Expeditors International of Washington by 836.7% in the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock worth $37,629,000 after acquiring an additional 303,438 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after acquiring an additional 265,111 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after acquiring an additional 257,791 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $0.18 during trading on Friday, hitting $110.54. 1,060,959 shares of the company were exchanged, compared to its average volume of 990,634. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The stock has a 50 day moving average of $113.73 and a 200 day moving average of $119.04. The company has a market cap of $15.47 billion, a PE ratio of 21.55, a P/E/G ratio of 3.77 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EXPD shares. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America lowered their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $117.44.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.