OLD Mutual Customised Solutions Proprietary Ltd. lessened its stake in Expeditors International of Washington (NASDAQ:EXPD) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,465 shares of the transportation company’s stock after selling 900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Expeditors International of Washington were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY increased its stake in Expeditors International of Washington by 6.7% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 35,174 shares of the transportation company’s stock worth $2,571,000 after buying an additional 2,201 shares during the period. Banco de Sabadell S.A increased its stake in Expeditors International of Washington by 32.8% in the 2nd quarter. Banco de Sabadell S.A now owns 35,194 shares of the transportation company’s stock worth $2,572,000 after buying an additional 8,685 shares during the period. Sensato Investors LLC purchased a new position in Expeditors International of Washington in the 2nd quarter worth about $585,000. Paloma Partners Management Co increased its stake in Expeditors International of Washington by 63.2% in the 2nd quarter. Paloma Partners Management Co now owns 22,887 shares of the transportation company’s stock worth $1,673,000 after buying an additional 8,866 shares during the period. Finally, Bank of America Corp DE increased its stake in Expeditors International of Washington by 5.7% in the 2nd quarter. Bank of America Corp DE now owns 4,268,341 shares of the transportation company’s stock worth $312,015,000 after buying an additional 230,288 shares during the period. 92.79% of the stock is currently owned by institutional investors.

EXPD has been the topic of a number of research reports. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Robert W. Baird raised their target price on shares of Expeditors International of Washington from $70.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. Cowen reissued a “market perform” rating and set a $73.00 target price (up previously from $70.00) on shares of Expeditors International of Washington in a research report on Tuesday, August 7th. Stifel Nicolaus set a $73.00 target price on shares of Expeditors International of Washington and gave the company a “hold” rating in a research report on Wednesday, August 8th. Finally, Credit Suisse Group cut their target price on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $67.40.

NASDAQ EXPD opened at $75.39 on Friday. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.69. Expeditors International of Washington has a one year low of $56.44 and a one year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. equities research analysts expect that Expeditors International of Washington will post 3.15 earnings per share for the current fiscal year.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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