abrdn plc Has $66.27 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

abrdn plc lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 598,299 shares of the transportation company’s stock after selling 24,366 shares during the quarter. abrdn plc’s holdings in Expeditors International of Washington were worth $66,265,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington in the 3rd quarter worth approximately $57,000. Maia Wealth LLC purchased a new position in Expeditors International of Washington during the 3rd quarter worth approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 300 shares in the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Expeditors International of Washington by 339.9% in the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by insiders.

Expeditors International of Washington Stock Performance

EXPD opened at $112.51 on Wednesday. The company has a market cap of $15.75 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. The stock has a 50-day moving average of $114.36 and a 200-day moving average of $119.27. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results 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. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company’s revenue was up 37.0% on a year-over-year basis. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

EXPD has been the topic of several recent analyst reports. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their price target 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. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Barclays increased their target price 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, Bank of America lowered their price target 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. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.44.

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.