Expeditors International of Washington, Inc. $EXPD Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,384 shares of the transportation company’s stock after selling 4,559 shares during the period. Van ECK Associates Corp’s holdings in Expeditors International of Washington were worth $4,626,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after buying an additional 623 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares during the last quarter. Woodline Partners LP boosted its position in shares of Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth grew its holdings in Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after purchasing an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 255 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.7%

Shares of EXPD stock opened at $186.37 on Thursday. The company has a market cap of $24.23 billion, a PE ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.06. The company’s fifty day simple moving average is $177.36 and its 200-day simple moving average is $160.33. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on EXPD. Susquehanna increased their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group boosted their price objective on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, TD Cowen boosted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.