Global X Japan Co. Ltd. Has $468,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Global X Japan Co. Ltd. raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.4% in the second quarter, Holdings Channel.com reports. The fund owned 3,752 shares of the transportation company’s stock after acquiring an additional 501 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Expeditors International of Washington were worth $468,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after acquiring an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Expeditors International of Washington by 0.3% during the first quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after purchasing an additional 8,282 shares during the last quarter. Wellington Management Group LLP grew its holdings in Expeditors International of Washington by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Expeditors International of Washington by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after purchasing an additional 20,272 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after buying an additional 1,351,630 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 1.2 %

EXPD opened at $122.46 on Tuesday. The stock’s 50 day simple moving average is $121.81 and its 200-day simple moving average is $120.31. The stock has a market cap of $17.28 billion, a PE ratio of 25.94, a P/E/G ratio of 5.50 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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 business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a research report on Tuesday, May 14th. Stifel Nicolaus raised their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Finally, Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $116.00.

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.