BlackRock Inc. decreased its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,205,936 shares of the transportation company’s stock after selling 256,979 shares during the period. BlackRock Inc. owned 8.13% of Expeditors International of Washington worth $1,038,454,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Expeditors International of Washington in the second quarter valued at $116,000. Parallel Advisors LLC grew its position in Expeditors International of Washington by 70.7% during the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 966 shares during the period. Atria Investments LLC purchased a new stake in Expeditors International of Washington during the first quarter valued at about $203,000. TLP Group LLC grew its position in Expeditors International of Washington by 1,334.1% during the first quarter. TLP Group LLC now owns 3,284 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 3,055 shares during the period. Finally, Advisor Partners LLC purchased a new stake in Expeditors International of Washington during the second quarter valued at about $209,000. 92.96% of the stock is owned by institutional investors and hedge funds.

EXPD stock opened at $72.99 on Friday. Expeditors International of Washington has a 12-month low of $55.03 and a 12-month high of $78.16. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.93 and a beta of 0.70.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. equities research analysts forecast that Expeditors International of Washington will post 3.16 EPS for the current year.

A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Cowen boosted their price target on Expeditors International of Washington from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, May 9th. BidaskClub raised Expeditors International of Washington from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 12th. Finally, Credit Suisse Group lowered their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.00.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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