Wells Fargo & Company MN boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,212,099 shares of the transportation company’s stock after buying an additional 107,273 shares during the quarter. Wells Fargo & Company MN owned approximately 0.67% of Expeditors International of Washington worth $68,460,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC lifted its holdings in Expeditors International of Washington by 89.1% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in Expeditors International of Washington by 2.0% during the 1st quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Expeditors International of Washington by 7.0% in the 1st quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 193 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 101 shares during the period. Finally, Barings LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $210,000. 93.64% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington, Inc. (EXPD) opened at 57.01 on Friday. The firm has a market cap of $10.30 billion, a P/E ratio of 24.68 and a beta of 0.66. The stock has a 50 day moving average price of $56.60 and a 200-day moving average price of $56.00. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business 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 6.54% and a return on equity of 22.03%. Expeditors International of Washington’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Equities research analysts forecast that Expeditors International of Washington, Inc. will post $2.32 EPS for the current year.

A number of research analysts have recently weighed in on EXPD shares. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price target (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.50.

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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.

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

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