MML Investors Services LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,896 shares of the transportation company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also made changes to their positions in EXPD. BlackRock Inc. increased its holdings in shares of Expeditors International of Washington by 1,951.4% during the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after purchasing an additional 13,787,678 shares during the period. FMR LLC increased its holdings in shares of Expeditors International of Washington by 43.0% during the first quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock worth $268,582,000 after purchasing an additional 1,429,041 shares during the period. Janus Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 16.5% during the first quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock worth $231,463,000 after purchasing an additional 579,228 shares during the period. Vanguard Group Inc. increased its holdings in shares of Expeditors International of Washington by 2.8% during the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after purchasing an additional 532,318 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in shares of Expeditors International of Washington by 934.7% during the second quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock worth $29,396,000 after purchasing an additional 470,162 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on EXPD. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Barclays PLC raised their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $57.00.

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Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 60.10 on Thursday. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $60.47. The company has a market capitalization of $10.86 billion, a PE ratio of 26.02 and a beta of 0.68. The company has a 50-day moving average of $57.09 and a 200-day moving average of $56.23.

Expeditors International of Washington (NASDAQ:EXPD) last posted its 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. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post $2.31 EPS for the current year.

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.

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

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