Keel Point LLC Sells 6,419 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Keel Point LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,689 shares of the transportation company’s stock after selling 6,419 shares during the quarter. Keel Point LLC’s holdings in Expeditors International of Washington were worth $3,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of 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 worth $2,029,739,000 after purchasing an additional 190,319 shares during the period. Bank of America Corp DE boosted its position in shares of Expeditors International of Washington by 16.2% during the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock valued at $385,481,000 after buying an additional 488,561 shares during the period. Boston Partners raised its holdings in shares of Expeditors International of Washington by 19.3% in the first quarter. Boston Partners now owns 3,044,844 shares of the transportation company’s stock worth $335,370,000 after buying an additional 491,704 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Expeditors International of Washington by 548.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,539,948 shares of the transportation company’s stock worth $44,987,000 after acquiring an additional 2,147,954 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Expeditors International of Washington by 0.3% during the 1st quarter. Northern Trust Corp now owns 2,486,514 shares of the transportation company’s stock valued at $256,508,000 after acquiring an additional 6,839 shares during the period. 96.73% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.9 %

EXPD stock traded down $1.01 during trading on Tuesday, hitting $116.74. 101,327 shares of the company’s stock traded hands, compared to its average volume of 1,215,176. The firm has a market capitalization of $17.27 billion, a P/E ratio of 17.65 and a beta of 1.02. Expeditors International of Washington, Inc. has a 1 year low of $86.08 and a 1 year high of $128.04. The business has a fifty day simple moving average of $119.48 and a two-hundred day simple moving average of $115.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.65 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 34.31%. The firm’s revenue was down 51.3% compared to the same quarter last year. During the same period last year, the business posted $2.27 EPS. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.36 EPS for the current fiscal year.

Analyst Ratings Changes

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