Parametric Portfolio Associates LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 70.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 632,501 shares of the transportation company’s stock after buying an additional 261,071 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.35% of Expeditors International of Washington worth $35,724,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EXPD. BlackRock Inc. lifted its holdings in Expeditors International of Washington by 1,951.4% during the 1st quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after buying an additional 13,787,678 shares in the last quarter. FMR LLC lifted its holdings in Expeditors International of Washington by 43.0% during the 1st quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock worth $268,582,000 after buying an additional 1,429,041 shares in the last quarter. Janus Capital Management LLC lifted its holdings in Expeditors International of Washington by 16.5% during the 1st quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock worth $231,463,000 after buying an additional 579,228 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Expeditors International of Washington by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after buying an additional 532,318 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Expeditors International of Washington by 934.7% during the 2nd quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock worth $29,396,000 after buying an additional 470,162 shares in the last quarter. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on EXPD shares. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Finally, BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One investment 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’s stock. The stock has an average rating of “Hold” and an average price target of $55.50.

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Expeditors International of Washington, Inc. (EXPD) opened at 59.86 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $60.30. The firm has a market cap of $10.82 billion, a P/E ratio of 25.91 and a beta of 0.66. The stock has a 50 day moving average price of $56.45 and a 200-day moving average price of $56.00.

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

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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