Nomura Asset Management Co. Ltd. lessened its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,565 shares of the transportation company’s stock after selling 979 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $2,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rational Advisors LLC bought a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $30,000. Steward Partners Investment Advisory LLC bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $33,000. Lenox Wealth Management Inc. grew its holdings in shares of Expeditors International of Washington by 98.9% in the 2nd quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 282 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $54,000. Finally, FinTrust Capital Advisors LLC grew its holdings in shares of Expeditors International of Washington by 457.8% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 926 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 760 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Several equities analysts have recently weighed in on the company. Loop Capital began coverage on Expeditors International of Washington in a report on Thursday, May 30th. They issued a “hold” rating and a $78.00 price objective for the company. Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They issued a “sell” rating and a $70.00 price target for the company. UBS Group set a $67.00 price target on shares of Expeditors International of Washington and gave the company a “sell” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, September 10th. Finally, BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $73.13.

Shares of NASDAQ EXPD traded down $0.40 during midday trading on Thursday, reaching $74.89. The company’s stock had a trading volume of 19,133 shares, compared to its average volume of 777,230. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.12 and a current ratio of 2.12. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The business’s 50 day moving average price is $72.31 and its two-hundred day moving average price is $74.59. The company has a market cap of $12.87 billion, a P/E ratio of 21.56 and a beta of 0.96.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. Sell-side analysts forecast that Expeditors International of Washington will post 3.53 earnings per share for the current fiscal year.

In related news, Director Sidney E. Harris sold 1,860 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.50, for a total value of $250,170.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eugene K. Alger sold 36,000 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total transaction of $2,557,800.00. Following the completion of the transaction, the insider now directly owns 45,787 shares in the company, valued at $3,253,166.35. The disclosure for this sale can be found here. Insiders sold 76,860 shares of company stock worth $5,586,330 over the last three months. 1.20% of the stock is currently owned by insiders.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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

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