DnB Asset Management AS reduced its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,597 shares of the transportation company’s stock after selling 1,100 shares during the quarter. DnB Asset Management AS’s holdings in Expeditors International of Washington were worth $1,397,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its position in shares of Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after buying an additional 1,900 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after buying an additional 471 shares during the period. Merriman Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $208,000. Virtu Financial LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth about $212,000. Finally, Sigma Planning Corp bought a new position in Expeditors International of Washington in the 3rd quarter worth about $216,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington (NASDAQ:EXPD) opened at $66.73 on Tuesday. The stock has a market cap of $11,860.00, a PE ratio of 28.04, a price-to-earnings-growth ratio of 3.14 and a beta of 0.72. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.83.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. equities analysts forecast that Expeditors International of Washington will post 2.41 earnings per share for the current year.

A number of equities analysts recently issued reports on EXPD shares. Barclays upped their price target on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Cowen reiterated a “market perform” rating and issued a $58.00 price target (up previously from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Credit Suisse Group upped their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 8th. UBS Group upped their price target on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.25.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.78% of the stock is currently owned by corporate insiders.

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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.

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

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