Artisan Partners Limited Partnership Sells 7,998 Shares of Expeditors International of Washington, Inc. $EXPD

Artisan Partners Limited Partnership lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,913 shares of the transportation company’s stock after selling 7,998 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.13% of Expeditors International of Washington worth $21,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Expeditors International of Washington by 75.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares in the last quarter. Woodline Partners LP increased its position in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the period. Focus Partners Wealth raised its stake in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after acquiring an additional 1,324 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Expeditors International of Washington by 42.6% during the second quarter. AlphaQuest LLC now owns 1,910 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 571 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $144.89 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19. The business has a fifty day moving average price of $155.48 and a 200 day moving average price of $138.62. The stock has a market capitalization of $19.42 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. 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 down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Susquehanna reduced their price objective on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Truist Financial decreased their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley increased their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $134.30.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.