Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,404 shares of the transportation company’s stock after selling 178 shares during the period. Expeditors International of Washington accounts for about 1.2% of Values First Advisors Inc.’s holdings, making the stock its 22nd biggest holding. Values First Advisors Inc.’s holdings in Expeditors International of Washington were worth $2,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Partners lifted its stake in Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after purchasing an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 3.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock worth $346,559,000 after buying an additional 82,107 shares in the last quarter. Marshfield Associates grew its stake in Expeditors International of Washington by 0.3% during the 2nd quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock worth $226,013,000 after purchasing an additional 5,712 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Expeditors International of Washington by 16.8% during the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after buying an additional 227,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Expeditors International of Washington by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after purchasing an additional 85,393 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $119.54 on Friday. The company’s 50 day simple moving average is $122.87 and its 200 day simple moving average is $121.07. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The firm has a market capitalization of $16.89 billion, a PE ratio of 25.33, a P/E/G ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company earned $1.30 EPS. Expeditors International of Washington’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXPD. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the company from $112.00 to $106.00 in a report on Monday, October 14th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Robert W. Baird lifted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $115.33.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.