Everett Harris & Co. CA Lowers Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Everett Harris & Co. CA lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 214,361 shares of the transportation company's stock after selling 76,786 shares during the period. Everett Harris & Co. CA owned about 0.15% of Expeditors International of Washington worth $28,167,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Swedbank AB purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at about $2,954,000. Banco Santander S.A. raised its stake in shares of Expeditors International of Washington by 141.0% during the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company's stock valued at $10,930,000 after buying an additional 52,603 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at about $1,305,000. Assenagon Asset Management S.A. grew its position in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock valued at $22,814,000 after acquiring an additional 70,329 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Expeditors International of Washington by 8.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,854 shares of the transportation company's stock valued at $13,326,000 after acquiring an additional 8,917 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

EXPD stock traded down $0.65 during trading on Friday, hitting $120.50. The stock had a trading volume of 1,192,543 shares, compared to its average volume of 1,215,321. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.59. The stock has a market capitalization of $17.02 billion, a P/E ratio of 25.53, a PEG ratio of 5.51 and a beta of 0.97. The company's 50-day moving average price is $122.82 and its two-hundred day moving average price is $121.02.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on EXPD. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America raised their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. TD Cowen cut Expeditors International of Washington from a "hold" rating to a "sell" rating and dropped their target price for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $115.33.

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.