Keybank National Association OH Cuts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Keybank National Association OH trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,761 shares of the transportation company’s stock after selling 224 shares during the period. Keybank National Association OH’s holdings in Expeditors International of Washington were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Bleakley Financial Group LLC grew its position in shares of Expeditors International of Washington by 3.6% during the second quarter. Bleakley Financial Group LLC now owns 2,492 shares of the transportation company’s stock worth $302,000 after buying an additional 87 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Expeditors International of Washington by 53.8% in the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after acquiring an additional 92 shares in the last quarter. Huntington National Bank increased its holdings in shares of Expeditors International of Washington by 7.7% in the 2nd quarter. Huntington National Bank now owns 1,299 shares of the transportation company’s stock valued at $157,000 after acquiring an additional 93 shares during the last quarter. Blackhawk Capital Partners LLC. raised its position in shares of Expeditors International of Washington by 2.2% during the 3rd quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock valued at $505,000 after acquiring an additional 94 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Expeditors International of Washington by 0.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,470 shares of the transportation company’s stock worth $1,659,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EXPD shares. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley lowered their target price on Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a report on Monday, November 13th. Susquehanna dropped their price target on Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. dropped their target price on Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $105.50.

Check Out Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $127.19 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $102.89 and a 12-month high of $131.17. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 24.04 and a beta of 1.02. The business has a 50 day simple moving average of $125.79 and a 200 day simple moving average of $119.83.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.09). The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.29 billion. Expeditors International of Washington had a return on equity of 28.76% and a net margin of 7.77%. The company’s revenue was down 49.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 EPS. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.14 EPS for the current fiscal year.

About Expeditors International of Washington

(Free Report)

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.

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

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