Voya Investment Management LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,932 shares of the transportation company’s stock after selling 30,446 shares during the period. Voya Investment Management LLC owned approximately 0.06% of Expeditors International of Washington worth $6,435,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden boosted its holdings in shares of Expeditors International of Washington by 20.3% in the second quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock valued at $10,411,000 after acquiring an additional 31,100 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Expeditors International of Washington by 210.4% in the second quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock valued at $1,324,000 after acquiring an additional 15,891 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 8.5% in the second quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock valued at $1,718,000 after acquiring an additional 2,391 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in shares of Expeditors International of Washington in the first quarter valued at approximately $1,937,000. Finally, Summit Global Investments bought a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $652,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

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A number of brokerages recently weighed in on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Seaport Global Securities restated 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, October 2nd. Finally, Cowen and Company restated 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $57.00.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 59.96 on Wednesday. The company’s 50-day moving average is $57.67 and its 200-day moving average is $56.35. The company has a market capitalization of $10.84 billion, a PE ratio of 25.96 and a beta of 0.68. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $60.50.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1.67 billion during 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%. Expeditors International of Washington’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. Equities analysts predict that Expeditors International of Washington, Inc. will post $2.31 earnings per share 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.

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

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