Allspring Global Investments Holdings LLC Sells 9,310 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allspring Global Investments Holdings LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,839 shares of the transportation company’s stock after selling 9,310 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Expeditors International of Washington were worth $6,721,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Strategic Blueprint LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $212,000. Cambiar Investors LLC increased its stake in Expeditors International of Washington by 0.7% during the 4th quarter. Cambiar Investors LLC now owns 105,010 shares of the transportation company’s stock valued at $13,357,000 after purchasing an additional 743 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in Expeditors International of Washington by 4.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 10,999 shares of the transportation company’s stock valued at $1,399,000 after purchasing an additional 491 shares in the last quarter. New York State Teachers Retirement System increased its stake in Expeditors International of Washington by 1.1% during the 4th quarter. New York State Teachers Retirement System now owns 144,504 shares of the transportation company’s stock valued at $18,381,000 after purchasing an additional 1,589 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Expeditors International of Washington by 8,732.2% during the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after purchasing an additional 222,846 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXPD. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Bank of America started coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Finally, BNP Paribas downgraded 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 analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.63.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $114.79 on Friday. The company’s 50-day moving average is $120.04 and its 200 day moving average is $120.55. The company has a market capitalization of $16.29 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 8.54 and a beta of 0.99. Expeditors International of Washington, Inc. has a fifty-two week low of $106.43 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Expeditors International of Washington Company 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.