Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by DnB Asset Management AS

DnB Asset Management AS cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,650 shares of the transportation company’s stock after selling 457 shares during the quarter. DnB Asset Management AS’s holdings in Expeditors International of Washington were worth $4,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $27,000. Riverview Trust Co acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at about $28,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at about $31,000. Sandy Cove Advisors LLC grew its stake in shares of Expeditors International of Washington by 3,725.0% in the first quarter. Sandy Cove Advisors LLC now owns 306 shares of the transportation company’s stock valued at $32,000 after buying an additional 298 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $45,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 0.4 %

NASDAQ:EXPD opened at $93.17 on Tuesday. The business’s 50 day moving average is $102.48 and its two-hundred day moving average is $102.26. Expeditors International of Washington, Inc. has a 52 week low of $90.07 and a 52 week high of $137.80. The company has a market cap of $15.63 billion, a PE ratio of 10.27 and a beta of 0.87.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last released its 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 return on equity of 42.95% and a net margin of 8.09%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter last year, the business posted $1.84 EPS. Expeditors International of Washington’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EXPD shares. Wells Fargo & Company lowered their target price on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Wolfe Research lowered Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, July 12th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, Barclays reduced their price target on Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average 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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