Farmhouse Investment Management LLC held its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,700 shares of the transportation company’s stock at the end of the second quarter. Expeditors International of Washington accounts for about 0.4% of Farmhouse Investment Management LLC’s portfolio, making the stock its 25th largest position. Farmhouse Investment Management LLC’s holdings in Expeditors International of Washington were worth $830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after buying an additional 13,787,678 shares during the period. FMR LLC boosted its position in shares of Expeditors International of Washington by 43.0% in the first quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock worth $268,582,000 after buying an additional 1,429,041 shares during the period. BLS Capital Fondsmaeglerselskab A S acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $32,449,000. Janus Capital Management LLC boosted its position in shares of Expeditors International of Washington by 16.5% in the first quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock worth $231,463,000 after buying an additional 579,228 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Expeditors International of Washington by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,172,075 shares of the transportation company’s stock worth $1,083,031,000 after buying an additional 450,763 shares during the period. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 55.92 on Wednesday. The firm’s 50-day moving average is $57.27 and its 200 day moving average is $55.53. The firm has a market cap of $10.07 billion, a PE ratio of 23.90 and a beta of 0.65. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. Equities research analysts predict that Expeditors International of Washington, Inc. will post $2.34 EPS for the current year.

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EXPD has been the subject of a number of research reports. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Vertical Research reiterated a “hold” rating and set a $63.00 price target on shares of Expeditors International of Washington in a report on Thursday, April 13th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, BidaskClub upgraded shares of 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 issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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.

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

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