State of Alaska Department of Revenue Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of Alaska Department of Revenue cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,818 shares of the transportation company's stock after selling 6,130 shares during the period. State of Alaska Department of Revenue's holdings in Expeditors International of Washington were worth $2,998,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the first quarter worth $25,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth $31,000. Family Firm Inc. acquired a new position in Expeditors International of Washington in the 2nd quarter worth about $35,000. Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington in the second quarter valued at about $52,000. Finally, ORG Partners LLC boosted its stake in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock valued at $51,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 0.0 %

EXPD traded up $0.02 during trading on Friday, hitting $119.02. The company's stock had a trading volume of 1,247,352 shares, compared to its average volume of 1,206,550. The firm has a market capitalization of $16.80 billion, a P/E ratio of 25.54, a PEG ratio of 5.05 and a beta of 0.97. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.59. The stock's fifty day moving average price is $122.62 and its 200-day moving average price is $121.11.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXPD shares. Bank of America raised 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 report on Monday, July 22nd. TD Cowen cut shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $112.00 to $106.00 in a research note on Monday, October 14th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Four research 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, Expeditors International of Washington presently has an average rating of "Hold" and a consensus 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.