Herold Advisors Inc. Sells 500 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Herold Advisors Inc. lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the transportation company’s stock after selling 500 shares during the period. Herold Advisors Inc.’s holdings in Expeditors International of Washington were worth $243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in shares of Expeditors International of Washington by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the transportation company’s stock worth $1,065,000 after buying an additional 100 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Expeditors International of Washington by 3.4% during the 1st quarter. Wedbush Securities Inc. now owns 3,281 shares of the transportation company’s stock worth $338,000 after buying an additional 108 shares during the last quarter. MV Capital Management Inc. raised its stake in Expeditors International of Washington by 0.7% in the 1st quarter. MV Capital Management Inc. now owns 16,575 shares of the transportation company’s stock worth $1,710,000 after purchasing an additional 118 shares in the last quarter. Synovus Financial Corp raised its stake in Expeditors International of Washington by 2.7% in the 4th quarter. Synovus Financial Corp now owns 4,632 shares of the transportation company’s stock worth $627,000 after purchasing an additional 122 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Expeditors International of Washington by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 49,908 shares of the transportation company’s stock worth $5,149,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EXPD shares. Barclays dropped 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Wells Fargo & Company dropped their target price 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. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $108.38.

Expeditors International of Washington Trading Down 0.6 %

EXPD traded down $0.53 during trading on Friday, reaching $87.66. 1,161,520 shares of the company’s stock were exchanged, compared to its average volume of 1,393,811. Expeditors International of Washington, Inc. has a one year low of $86.36 and a one year high of $137.80. The stock has a market capitalization of $14.71 billion, a PE ratio of 9.59 and a beta of 0.87. The firm has a fifty day moving average price of $102.11 and a two-hundred day moving average price of $102.00.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The transportation company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.18. Expeditors International of Washington had a net margin of 8.09% and a return on equity of 42.95%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same period in the prior year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current year.

About Expeditors International of Washington

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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.

See Also

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

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