Sumitomo Mitsui Asset Management Company LTD lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,331 shares of the transportation company’s stock after selling 935 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Expeditors International of Washington were worth $809,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in EXPD. BLS Capital Fondsmaeglerselskab A S bought a new stake in Expeditors International of Washington during the fourth quarter valued at $32,449,000. Teachers Advisors LLC raised its stake in Expeditors International of Washington by 27.0% in the fourth quarter. Teachers Advisors LLC now owns 246,866 shares of the transportation company’s stock valued at $13,074,000 after buying an additional 52,521 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Expeditors International of Washington by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,274 shares of the transportation company’s stock valued at $8,772,000 after buying an additional 4,552 shares during the last quarter. Creative Planning raised its stake in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock valued at $168,000 after buying an additional 393 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its stake in Expeditors International of Washington by 39.0% in the first quarter. Sheets Smith Wealth Management now owns 39,200 shares of the transportation company’s stock valued at $2,214,000 after buying an additional 11,000 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 59.06 on Tuesday. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 25.24 and a beta of 0.65. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $59.90. The firm has a 50-day moving average price of $57.27 and a 200-day moving average price of $55.53.

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EXPD has been the topic of several recent research reports. Vertical Research restated a “hold” rating and set a $63.00 price target on shares of Expeditors International of Washington in a report on Thursday, April 13th. Zacks Investment Research lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Finally, BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.20.

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.

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

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