4,226 Expeditors International of Washington, Inc. $EXPD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,539 shares of the transportation company’s stock after selling 4,226 shares during the period. Yousif Capital Management LLC’s holdings in Expeditors International of Washington were worth $11,363,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of EXPD. BlackRock Inc. acquired a new stake in Expeditors International of Washington in the second quarter valued at $2,193,093,000. Caisse de depot et placement du Quebec bought a new position in Expeditors International of Washington during the 2nd quarter worth $169,665,000. Legal & General Group Plc acquired a new position in Expeditors International of Washington during the 2nd quarter worth about $125,395,000. Bank of New York Mellon Corp acquired a new position in Expeditors International of Washington during the 2nd quarter worth about $108,099,000. Finally, Deutsche Bank AG acquired a new position in Expeditors International of Washington during the 2nd quarter worth about $102,595,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $196.38 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $117.45 and a 52 week high of $200.66. The firm’s fifty day moving average is $190.66 and its 200-day moving average is $172.28. The firm has a market cap of $25.53 billion, a P/E ratio of 34.33, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on EXPD shares. TD Cowen upped their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird lifted their price objective on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $175.27.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.