Nordea Investment Management AB increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,937 shares of the transportation company’s stock after purchasing an additional 600 shares during the period. Nordea Investment Management AB’s holdings in Expeditors International of Washington were worth $787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 532,318 shares in the last quarter. BlackRock Inc. raised its holdings in shares of 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 acquiring an additional 13,787,678 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Expeditors International of Washington by 0.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 13,961,384 shares of the transportation company’s stock worth $788,679,000 after acquiring an additional 47,501 shares in the last quarter. State Street Corp raised its holdings in shares of Expeditors International of Washington by 0.6% during the 1st quarter. State Street Corp now owns 10,805,641 shares of the transportation company’s stock worth $610,406,000 after acquiring an additional 69,252 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of 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 acquiring an additional 1,429,041 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on EXPD shares. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Barclays PLC upped their price objective on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price objective (down 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. One 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. Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $57.00.

TRADEMARK VIOLATION NOTICE: “Expeditors International of Washington, Inc. (EXPD) Shares Bought by Nordea Investment Management AB” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/09/expeditors-international-of-washington-inc-expd-shares-bought-by-nordea-investment-management-ab.html.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 60.34 on Monday. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $60.47. The stock’s 50 day moving average price is $57.38 and its 200 day moving average price is $56.29. The company has a market cap of $10.91 billion, a P/E ratio of 26.12 and a beta of 0.67.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

Expeditors International of Washington 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)

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.