Expeditors International of Washington, Inc. $EXPD Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,171 shares of the transportation company’s stock after selling 31,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.16% of Expeditors International of Washington worth $37,698,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Compass Wealth Management LLC acquired a new position in Expeditors International of Washington in the third quarter valued at about $27,000. Latitude Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $27,000. Fortitude Family Office LLC raised its stake in shares of Expeditors International of Washington by 76.0% in the third quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $33,000. Finally, Continuum Advisory LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $33,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $198.25 on Friday. The stock’s fifty day moving average price is $191.72 and its two-hundred day moving average price is $167.05. Expeditors International of Washington, Inc. has a 52-week low of $118.94 and a 52-week high of $200.66. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last released its 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 return on equity of 36.16% and a net margin of 7.64%. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $200.00 to $214.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Truist Financial boosted their price objective on 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. Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, UBS Group raised their target price on Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. One 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.