Fmr LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,750,649 shares of the transportation company’s stock after selling 1,003,856 shares during the period. Fmr LLC owned 2.08% of Expeditors International of Washington worth $211,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden increased its position in Expeditors International of Washington by 20.3% during the 2nd quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock valued at $10,411,000 after buying an additional 31,100 shares in the last quarter. Prudential Financial Inc. raised its stake in Expeditors International of Washington by 18.7% during the first quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock valued at $17,669,000 after buying an additional 49,240 shares during the last quarter. LS Investment Advisors LLC raised its stake in Expeditors International of Washington by 8.5% during the second quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock valued at $1,718,000 after buying an additional 2,391 shares during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in Expeditors International of Washington during the first quarter valued at $1,937,000. Finally, Commonwealth Bank of Australia raised its stake in Expeditors International of Washington by 2.3% during the second quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock valued at $161,824,000 after buying an additional 65,353 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 60.34 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $60.36. The firm’s 50-day moving average price is $56.83 and its 200 day moving average price is $56.17. The stock has a market capitalization of $10.91 billion, a P/E ratio of 26.12 and a beta of 0.67.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business posted $0.63 EPS. Expeditors International of Washington’s revenue was up 13.4% on a year-over-year basis. Analysts expect that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

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Several research firms have commented on EXPD. Barclays PLC boosted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday. Stifel Nicolaus restated a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Cowen and Company restated a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $57.00.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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