Mediolanum International Funds Ltd Sells 1,750 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mediolanum International Funds Ltd trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,103 shares of the transportation company’s stock after selling 1,750 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.05% of Expeditors International of Washington worth $9,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Black Diamond Financial LLC lifted its stake in shares of Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 89 shares during the period. Blair William & Co. IL lifted its stake in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Expeditors International of Washington by 0.5% in 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 purchasing an additional 106 shares during the period. Finally, Values First Advisors Inc. lifted its stake in shares of 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 valued at $2,069,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.2 %

Expeditors International of Washington stock opened at $119.85 on Friday. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.51 and a beta of 0.97. The stock has a fifty day simple moving average of $122.86 and a two-hundred day simple moving average of $121.08. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EXPD. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their price objective 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 lifted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their price objective for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $115.33.

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.