Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Andra AP fonden

Andra AP fonden lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,600 shares of the transportation company’s stock after selling 64,000 shares during the period. Andra AP fonden owned 0.11% of Expeditors International of Washington worth $20,166,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cape ANN Savings Bank lifted its holdings in shares of Expeditors International of Washington by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after acquiring an additional 95 shares during the period. SkyOak Wealth LLC boosted its holdings in shares of Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 95 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Expeditors International of Washington by 0.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after buying an additional 106 shares during the period. Values First Advisors Inc. boosted its holdings in Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 112 shares during the period. Finally, Czech National Bank raised its stake in shares of Expeditors International of Washington by 0.5% during the first quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock valued at $3,110,000 after purchasing an additional 117 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXPD shares. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird raised their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America boosted 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, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $122.46 on Tuesday. The firm has a market capitalization of $17.28 billion, a P/E ratio of 25.94, a P/E/G ratio of 5.50 and a beta of 0.97. The business has a 50 day simple moving average of $121.81 and a 200 day simple moving average of $120.31. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results 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 net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.

About Expeditors International of Washington

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.