Expeditors International of Washington, Inc. $EXPD Position Cut by Investment House LLC

Investment House LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,714 shares of the transportation company’s stock after selling 9,644 shares during the period. Investment House LLC’s holdings in Expeditors International of Washington were worth $8,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. BlackRock Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at $2,193,093,000. State Street Corp raised its stake in Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after buying an additional 109,798 shares during the period. Bank of America Corp DE lifted its holdings in Expeditors International of Washington by 0.8% during the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after acquiring an additional 21,400 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Expeditors International of Washington by 2.7% during the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after acquiring an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after acquiring an additional 195,351 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Robert W. Baird lifted their price objective on Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. UBS Group lifted their price objective on Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Citizens Jmp started coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Trading Down 0.5%

EXPD opened at $195.95 on Friday. The stock has a market capitalization of $25.47 billion, a P/E ratio of 34.26, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 12 month low of $116.84 and a 12 month high of $200.66. The firm’s fifty day simple moving average is $190.46 and its 200 day simple moving average is $172.11.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.