Financial Enhancement Group LLC Reduces Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Financial Enhancement Group LLC trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 16.0% in the 1st quarter, HoldingsChannel reports. The firm owned 2,629 shares of the transportation company’s stock after selling 500 shares during the quarter. Financial Enhancement Group LLC’s holdings in Expeditors International of Washington were worth $271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Expeditors International of Washington by 8.6% during the 4th quarter. BlackRock Inc. now owns 22,923,231 shares of the transportation company’s stock valued at $3,078,361,000 after acquiring an additional 1,812,773 shares during the period. Vanguard Group Inc. lifted its position in Expeditors International of Washington by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after acquiring an additional 190,319 shares during the period. State Street Corp lifted its position in Expeditors International of Washington by 5.2% during the 4th quarter. State Street Corp now owns 9,275,975 shares of the transportation company’s stock valued at $1,245,671,000 after acquiring an additional 455,974 shares during the period. Geode Capital Management LLC lifted its position in Expeditors International of Washington by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 3,494,575 shares of the transportation company’s stock valued at $468,177,000 after acquiring an additional 70,220 shares during the period. Finally, Invesco Ltd. lifted its position in Expeditors International of Washington by 29.6% during the 4th quarter. Invesco Ltd. now owns 2,509,534 shares of the transportation company’s stock valued at $337,005,000 after acquiring an additional 573,030 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 4.6 %

Shares of EXPD stock opened at $99.79 on Wednesday. The company has a 50 day moving average price of $102.62 and a 200-day moving average price of $102.42. Expeditors International of Washington, Inc. has a 52 week low of $92.58 and a 52 week high of $137.80. The firm has a market capitalization of $16.74 billion, a PE ratio of 11.00 and a beta of 0.87.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The transportation company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.14. Expeditors International of Washington had a net margin of 8.09% and a return on equity of 42.95%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same period in the previous year, the business posted $1.84 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. Analysts anticipate that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EXPD. Wells Fargo & Company lowered their price target on shares of Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Wolfe Research lowered shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, July 12th. Barclays reduced their price objective on shares of Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Finally, StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $108.38.

Expeditors International of Washington Profile

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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, specialized cargo monitoring and tracking, and other supply chain solutions.

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

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