Banco Santander S.A. Sells 57,674 Shares of Expeditors International of Washington, Inc. $EXPD

Banco Santander S.A. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 64.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,027 shares of the transportation company’s stock after selling 57,674 shares during the period. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $3,926,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EXPD. Vermillion & White Wealth Management Group LLC grew its stake in shares of Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter worth about $34,000. CYBER HORNET ETFs LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter valued at about $43,000. Bartlett & CO. Wealth Management LLC bought a new stake in Expeditors International of Washington during the 3rd quarter valued at about $43,000. Finally, Addison Advisors LLC raised its holdings in Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $144.89 on Friday. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19. The business’s fifty day moving average price is $155.48 and its 200-day moving average price is $138.49.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates 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%.During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

EXPD has been the subject of several analyst reports. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Morgan Stanley boosted their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Barclays upped their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Finally, Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average 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.