ORG Partners LLC Sells 1,799 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ORG Partners LLC cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 69.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 803 shares of the transportation company’s stock after selling 1,799 shares during the period. ORG Partners LLC’s holdings in Expeditors International of Washington were worth $106,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. boosted its stake in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after buying an additional 349,362 shares in the last quarter. TD Asset Management Inc increased its stake in Expeditors International of Washington by 26.3% in the first quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock valued at $133,116,000 after acquiring an additional 227,816 shares during the period. ProShare Advisors LLC increased its stake in Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after acquiring an additional 227,671 shares during the period. Squarepoint Ops LLC raised its position in Expeditors International of Washington by 4,581.9% in the second quarter. Squarepoint Ops LLC now owns 184,606 shares of the transportation company’s stock worth $23,037,000 after purchasing an additional 180,663 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Expeditors International of Washington by 29.8% during the second quarter. Natixis Advisors LLC now owns 629,415 shares of the transportation company’s stock worth $78,545,000 after purchasing an additional 144,570 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.6 %

Shares of EXPD stock opened at $121.32 on Wednesday. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59. The firm’s 50 day moving average is $122.66 and its 200-day moving average is $120.98. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price objective for the company from $112.00 to $106.00 in a report on Monday. Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.33.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.