FORA Capital LLC Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

FORA Capital LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 70.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,392 shares of the transportation company’s stock after selling 10,440 shares during the period. FORA Capital LLC’s holdings in Expeditors International of Washington were worth $484,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in Expeditors International of Washington by 548.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,539,948 shares of the transportation company’s stock valued at $44,987,000 after buying an additional 2,147,954 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Expeditors International of Washington by 517.3% in the fourth quarter. First Trust Advisors LP now owns 2,144,696 shares of the transportation company’s stock valued at $222,884,000 after purchasing an additional 1,797,268 shares during the period. Norges Bank acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $133,106,000. Renaissance Technologies LLC raised its stake in Expeditors International of Washington by 1,025.5% during the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock worth $102,192,000 after purchasing an additional 902,600 shares during the period. Finally, Select Equity Group L.P. boosted its holdings in Expeditors International of Washington by 388.0% in the 4th quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock valued at $69,644,000 after purchasing an additional 532,835 shares during the last quarter. 96.73% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.0 %

Expeditors International of Washington stock opened at $115.59 on Thursday. The firm has a market capitalization of $17.10 billion, a P/E ratio of 17.33 and a beta of 1.02. Expeditors International of Washington, Inc. has a twelve month low of $86.08 and a twelve month high of $128.04. The stock’s fifty day simple moving average is $120.03 and its 200-day simple moving average is $114.42.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Expeditors International of Washington had a net margin of 8.36% and a return on equity of 34.31%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was down 51.3% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.36 earnings per share for the current year.

Wall Street Analyst Weigh In

EXPD has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a research report on Monday, August 14th. StockNews.com assumed coverage on Expeditors International of Washington in a report on Thursday, August 17th. They set a “hold” rating for the company. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, July 19th. Finally, JPMorgan Chase & Co. began coverage on shares of Expeditors International of Washington in a report on Friday, August 11th. They issued an “underweight” rating and a $110.00 price objective on the stock. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.18.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, 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.