Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 64.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,592 shares of the transportation company's stock after selling 70,943 shares during the quarter. QRG Capital Management Inc.'s holdings in Expeditors International of Washington were worth $5,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB purchased a new position in Expeditors International of Washington in the first quarter worth $2,954,000. Banco Santander S.A. increased its holdings in Expeditors International of Washington by 141.0% in the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company's stock valued at $10,930,000 after acquiring an additional 52,603 shares during the last quarter. Magnetar Financial LLC bought a new stake in Expeditors International of Washington in the 1st quarter valued at $1,305,000. Assenagon Asset Management S.A. grew its stake in shares of Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock worth $22,814,000 after buying an additional 70,329 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Expeditors International of Washington by 439.5% in the 1st quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company's stock worth $5,317,000 after buying an additional 35,629 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $2.74 during trading hours on Wednesday, hitting $119.28. The company had a trading volume of 2,607,836 shares, compared to its average volume of 1,218,944. The firm has a market cap of $16.83 billion, a P/E ratio of 24.67, a P/E/G ratio of 5.03 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59. The company has a 50-day moving average price of $122.56 and a two-hundred day moving average price of $121.29.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm's quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXPD shares. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday. Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, Bank of America lifted their price target on shares of 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. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $115.00.

Expeditors International of Washington 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.