Traders sold shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) on strength during trading on Thursday. $9.40 million flowed into the stock on the tick-up and $54.19 million flowed out of the stock on the tick-down, for a money net flow of $44.79 million out of the stock. Of all stocks tracked, Expeditors International of Washington had the 18th highest net out-flow for the day. Expeditors International of Washington traded up $0.12 for the day and closed at $56.59

A number of equities analysts have recently issued reports on EXPD shares. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Cowen and Company reissued a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $55.80.

The firm has a market capitalization of $10.23 billion, a PE ratio of 24.50 and a beta of 0.66. The firm’s 50 day moving average price is $56.91 and its 200-day moving average price is $55.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts anticipate that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Capital Management LLC lifted its stake in Expeditors International of Washington by 0.4% during the second quarter. Janney Capital Management LLC now owns 4,683 shares of the transportation company’s stock worth $264,000 after purchasing an additional 18 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in Expeditors International of Washington by 2.0% during the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after purchasing an additional 49 shares during the last quarter. First Allied Advisory Services Inc. lifted its stake in Expeditors International of Washington by 0.7% during the second quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock worth $752,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Expeditors International of Washington by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after purchasing an additional 100 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

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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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