Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 10,860 shares of the company’s stock after buying an additional 800 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Expeditors International of Washington were worth $533,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $81,613,000. Loomis Sayles & Co. L P boosted its position in shares of Expeditors International of Washington by 7.9% in the first quarter. Loomis Sayles & Co. L P now owns 12,045,118 shares of the company’s stock valued at $587,922,000 after buying an additional 885,766 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Expeditors International of Washington during the second quarter valued at $22,744,000. Fiduciary Management Inc. WI boosted its position in shares of Expeditors International of Washington by 4.3% in the first quarter. Fiduciary Management Inc. WI now owns 10,531,324 shares of the company’s stock valued at $514,034,000 after buying an additional 438,366 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Expeditors International of Washington by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 1,356,987 shares of the company’s stock valued at $66,235,000 after buying an additional 363,589 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) traded down 0.04% during mid-day trading on Friday, hitting $50.88. The stock had a trading volume of 317,253 shares. Expeditors International of Washington Inc. has a 52-week low of $40.41 and a 52-week high of $52.58. The company has a market cap of $9.21 billion, a PE ratio of 21.27 and a beta of 0.85. The stock has a 50 day moving average price of $50.97 and a 200-day moving average price of $49.34.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Expeditors International of Washington had a return on equity of 25.10% and a net margin of 7.25%. The company earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, equities analysts expect that Expeditors International of Washington Inc. will post $2.43 earnings per share for the current fiscal year.

Several research analysts recently weighed in on EXPD shares. Stifel Nicolaus cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, September 13th. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “sell” rating and set a $46.00 price target on shares of Expeditors International of Washington in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $50.91.

In other Expeditors International of Washington news, Director Michael J. Malone sold 26,646 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $51.00, for a total transaction of $1,358,946.00. Following the completion of the sale, the director now directly owns 108,786 shares of the company’s stock, valued at approximately $5,548,086. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington Inc. (NASDAQ:EXPD).

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.