Allspring Global Investments Holdings LLC Sells 5,662 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allspring Global Investments Holdings LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 29.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,489 shares of the transportation company’s stock after selling 5,662 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Expeditors International of Washington were worth $1,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPD. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $25,000. Optiver Holding B.V. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth $27,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the second quarter worth $35,000. ORG Partners LLC lifted its holdings in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at $64,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Down 0.1 %

Shares of NASDAQ:EXPD opened at $123.29 on Wednesday. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The company has a market cap of $17.41 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98. The stock has a 50 day moving average of $121.97 and a 200 day moving average of $120.22.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research analyst reports. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a research note on Tuesday, May 14th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Bank of America raised their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington 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.