Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,927 shares of the transportation company’s stock after selling 550 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Expeditors International of Washington were worth $1,304,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Expeditors International of Washington by 24.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock worth $4,619,000 after buying an additional 7,540 shares in the last quarter. Denali Advisors LLC raised its holdings in Expeditors International of Washington by 12.3% in the 1st quarter. Denali Advisors LLC now owns 4,609 shares of the transportation company’s stock valued at $560,000 after acquiring an additional 504 shares during the last quarter. Norden Group LLC purchased a new position in shares of Expeditors International of Washington during the 1st quarter worth $966,000. Van ECK Associates Corp lifted its stake in shares of Expeditors International of Washington by 5.9% during the 1st quarter. Van ECK Associates Corp now owns 33,329 shares of the transportation company’s stock worth $4,052,000 after purchasing an additional 1,848 shares during the period. Finally, Mission Wealth Management LP boosted its holdings in shares of Expeditors International of Washington by 1.4% during the first quarter. Mission Wealth Management LP now owns 12,595 shares of the transportation company’s stock worth $1,531,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and dropped their price target for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America boosted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $119.55 on Wednesday. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The business’s 50-day moving average is $122.83 and its two-hundred day moving average is $121.12. The firm has a market capitalization of $16.87 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.