BNP Paribas Arbitrage SA lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 212,409 shares of the transportation company’s stock after selling 32,467 shares during the period. BNP Paribas Arbitrage SA owned 0.12% of Expeditors International of Washington worth $11,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BLS Capital Fondsmaeglerselskab A S acquired a new position in Expeditors International of Washington during the fourth quarter worth approximately $32,449,000. Teachers Advisors LLC increased its position in Expeditors International of Washington by 27.0% in the fourth quarter. Teachers Advisors LLC now owns 246,866 shares of the transportation company’s stock worth $13,074,000 after buying an additional 52,521 shares during the period. Creative Planning increased its position in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares during the period. Bank of Montreal Can increased its position in Expeditors International of Washington by 2.7% in the first quarter. Bank of Montreal Can now owns 88,294 shares of the transportation company’s stock worth $4,987,000 after buying an additional 2,328 shares during the period. Finally, DnB Asset Management AS increased its position in Expeditors International of Washington by 7.5% in the first quarter. DnB Asset Management AS now owns 24,397 shares of the transportation company’s stock worth $1,378,000 after buying an additional 1,700 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 54.87 on Monday. The stock has a market cap of $9.92 billion, a P/E ratio of 23.75 and a beta of 0.65. Expeditors International of Washington, Inc. has a 12 month low of $47.23 and a 12 month high of $59.90. The stock has a 50 day moving average of $57.47 and a 200-day moving average of $55.80.

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

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.thecerbatgem.com/2017/08/21/bnp-paribas-arbitrage-sa-reduces-position-in-expeditors-international-of-washington-inc-expd.html.

EXPD has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reissued a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.80.

About Expeditors International of Washington

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.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD).

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

Receive News & Stock Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related stocks with our FREE daily email newsletter.