Global X Japan Co. Ltd. Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Global X Japan Co. Ltd. lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,402 shares of the transportation company’s stock after selling 350 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Expeditors International of Washington were worth $447,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Crewe Advisors LLC purchased a new position in Expeditors International of Washington in the first quarter valued at $25,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $35,000. ORG Partners LLC raised its holdings in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington in the second quarter worth approximately $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXPD. Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. TD Cowen downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $120.19 on Wednesday. The company has a market capitalization of $16.98 billion, a P/E ratio of 25.46, a PEG ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59. The company’s fifty day moving average is $122.86 and its two-hundred day moving average is $121.09.

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

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.