Expeditors International of Washington Inc. (EXPD): Not A Time To Panic Nor Freeze

The Vanguard Group, Inc. has recently announced that it has increased stake in Expeditors International of Washington Inc. (NASDAQ:EXPD) by 0.12%. After grabbing 18.41 million shares, the institutional investor is now in possession of 21821.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 11.93% having worth around $2.1 billion. Moreover, Boston Partners Global Investors, increased its share by 0.49 million to have a control over 3.04 million shares. And BLS Capital Fondsmæglerselskab A/ raised its holdings to 25870.0 shares by acquiring 2.23 million shares or 1.45% of the stake.

Expeditors International of Washington Inc. (EXPD) concluded trading on 05/24/23 at a closing price of $112.23, with 1.18 million shares of worth about $132.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.16% during that period and on Wednesday the price saw a loss of about -2.03%. Currently the company’s common shares owned by public are about 154.16M shares, out of which, 151.63M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the EXPD stock and their offered price forecasts bring an average price target of $100.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $120.00 and could fall to a lowest price of $85.00. The stock’s current price level is -8.11% below of average price target set by the analysts, while a dip to estimated low would result in loss of -32.04% for the stock. However, touching the estimated high of $120.00 would mean a gain of 6.47% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 131,623 shares in 31 of the transactions. In 23 selling transactions, insiders dumped 96,496 shares.

Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Expeditors International of Washington Inc. Vanguard Total Stock Market ETF is currently holding 4.95 million shares of worth totaling $563.16 million. The company recently came buying 23477.0 shares which brought its stake up to 3.20% of the company’s outstanding shares. Vanguard 500 Index Fund bought 20054.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 3.74 million shares with the mutual fund that have a worth of about $425.28 million. Vanguard Mid Cap Index Fund, after selling 3.72 million shares, have now control over 2.41% of the stake in the company. It holds 1820.0 shares of worth $422.94 million.

Expeditors International of Washington Inc. (NASDAQ: EXPD) started trading at $113.92, below -$0.63 from concluding price of the previous day. However, the stock later moved at a day high price of 114.04, or with a loss of -2.03%. Stock saw a price change of -1.08% in past 5 days and over the past one month there was a price change of 2.33%. Year-to-date (YTD), EXPD shares are showing a performance of 8.00% which increased to 6.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $86.08 but also hit the highest price of $119.90 during that period. The average intraday trading volume for Expeditors International of Washington Inc. shares is 1.25 million. The stock is currently trading -1.61% below its 20-day simple moving average (SMA20), while that difference is up 1.67% for SMA50 and it goes to 6.03% higher than SMA200.

The Vanguard Group, Inc. acquired 18.41 million shares of Expeditors International of Washington Inc. having value of about $2.1 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 21821.0 shares in the company valued at close to $2448970.83, or have control over 0.12% stake in the company. Expeditors International of Washington Inc. (NASDAQ: EXPD) currently have 154.16M outstanding shares and institutions hold larger chunk of about 98.60% of that. Holding of mutual funds in the company is about 45.39% while other institutional holders and individual stake holders have control over 54.66% and 3.21% of the stake respectively.

The stock has a current market capitalization of $17.16B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 14.68, while it has posted earnings per share of $7.64 in the same period. It has Quick Ratio of 2.40 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXPD, volatility over the week remained 1.62% while standing at 2.26% over the month.

Analysts are in expectations that Expeditors International of Washington Inc. (EXPD) stock would likely to be making an EPS of $1.4 in the current quarter, while forecast for next quarter EPS is $1.39 and it is $5.25 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.23 which is $1.67 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.10% while it is estimated to decrease by -4.29% in next year.

Analysts at 18 brokerage firms have issued recommendations for the Expeditors International of Washington Inc. (EXPD)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.30. Out of those 18 Wall Street analysts, 1 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 6 analyst recommended the stock as “Sell”.