Handelsbanken Fonder AB Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Handelsbanken Fonder AB lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 86,939 shares of the transportation company’s stock after buying an additional 871 shares during the period. Handelsbanken Fonder AB owned 0.06% of Expeditors International of Washington worth $11,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its stake in shares of Expeditors International of Washington by 4.9% during the 4th quarter. CWM LLC now owns 8,748 shares of the transportation company’s stock valued at $1,113,000 after buying an additional 406 shares during the period. Verdence Capital Advisors LLC boosted its position in Expeditors International of Washington by 66.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,130 shares of the transportation company’s stock worth $907,000 after purchasing an additional 2,853 shares during the period. abrdn plc boosted its position in Expeditors International of Washington by 8.8% during the 4th quarter. abrdn plc now owns 579,641 shares of the transportation company’s stock worth $73,730,000 after purchasing an additional 47,053 shares during the period. AIA Group Ltd boosted its position in Expeditors International of Washington by 701.4% during the 4th quarter. AIA Group Ltd now owns 14,449 shares of the transportation company’s stock worth $1,838,000 after purchasing an additional 12,646 shares during the period. Finally, SVB Wealth LLC boosted its position in Expeditors International of Washington by 14.1% during the 4th quarter. SVB Wealth LLC now owns 3,732 shares of the transportation company’s stock worth $475,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $112.89 on Thursday. The firm has a market cap of $16.02 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 8.35 and a beta of 0.99. The firm’s 50-day simple moving average is $119.04 and its 200-day simple moving average is $120.57. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.12). The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. Expeditors International of Washington’s revenue was down 33.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Analysts Set New Price Targets

EXPD has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Bank of America started coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $108.63.

About Expeditors International of Washington

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.