Expeditors International of Washington, Inc. $EXPD Stock Sold by Everett Harris & Co. CA

Everett Harris & Co. CA reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,664 shares of the transportation company’s stock after selling 3,449 shares during the period. Everett Harris & Co. CA owned about 0.15% of Expeditors International of Washington worth $35,389,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Choreo LLC lifted its holdings in shares of Expeditors International of Washington by 3.6% during the third quarter. Choreo LLC now owns 3,329 shares of the transportation company’s stock worth $615,000 after buying an additional 115 shares during the last quarter. Childress Capital Advisors LLC acquired a new position in Expeditors International of Washington in the third quarter valued at about $206,000. Latitude Advisors LLC bought a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC grew its holdings in shares of Expeditors International of Washington by 5.9% during the third quarter. Ashton Thomas Securities LLC now owns 4,385 shares of the transportation company’s stock worth $810,000 after purchasing an additional 246 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Expeditors International of Washington by 20.5% in the third quarter. Park Avenue Securities LLC now owns 10,639 shares of the transportation company’s stock valued at $1,964,000 after buying an additional 1,808 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $198.16 on Friday. The stock has a market capitalization of $25.76 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a fifty-two week low of $118.57 and a fifty-two week high of $200.66. The business has a 50-day moving average of $191.49 and a 200-day moving average of $166.87.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. During the same quarter in the previous year, the company posted $1.34 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on EXPD. Bank of America upped their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $200.00 to $214.00 and gave the stock a “neutral” rating in a report on Monday, October 5th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, UBS Group lifted their price target on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Company Profile

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.