Global X Japan Co. Ltd. Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Global X Japan Co. Ltd. decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,402 shares of the transportation company’s stock after selling 350 shares during the period. Global X Japan Co. Ltd.’s holdings in Expeditors International of Washington were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Gateway Investment Advisers LLC lifted its holdings in Expeditors International of Washington by 12.2% during the first quarter. Gateway Investment Advisers LLC now owns 8,573 shares of the transportation company’s stock valued at $1,042,000 after purchasing an additional 934 shares in the last quarter. Procyon Advisors LLC lifted its stake in Expeditors International of Washington by 7.3% in the 1st quarter. Procyon Advisors LLC now owns 17,467 shares of the transportation company’s stock valued at $2,123,000 after buying an additional 1,191 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Expeditors International of Washington by 24.8% in the 1st 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 during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Expeditors International of Washington during the 1st quarter worth approximately $78,000. Finally, MV Capital Management Inc. raised its holdings in shares of Expeditors International of Washington by 4.2% during the first quarter. MV Capital Management Inc. now owns 20,054 shares of the transportation company’s stock valued at $2,438,000 after acquiring an additional 815 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of research analyst reports. Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the stock from $112.00 to $106.00 in a research note on Monday, October 14th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $115.33.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $120.19 on Wednesday. The stock has a 50 day moving average of $122.86 and a 200 day moving average of $121.09. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59.

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). The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Expeditors International of Washington Company Profile

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.