Everett Harris & Co. CA Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)
Everett Harris & Co. CA reduced its stake in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 26.4% in Q3, now holding 214,361 shares. Other investors, including D. E. Shaw & Co. and TD Asset Management, have also adjusted their positions. Analysts have mixed ratings on EXPD, with a consensus rating of "Hold" and a target price of $33. The stock recently traded down 0.5%, with a market cap of $8.02 billion and a PE ratio of 25.53. The company reported Q2 earnings of $0.24 per share, missing estimates.
Everett Harris & Co. CA cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,361 shares of the transportation company's stock after selling 76,786 shares during the quarter. 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.
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A number of other large investors have also made changes to their positions in EXPD. D. E. Shaw & Co. Inc. raised its holdings in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock worth $51,089,000 after purchasing an additional 349,362 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Expeditors International of Washington by 26.3% in the 1st quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company's stock worth $133,116,000 after buying an additional 227,816 shares in the last quarter. ProShare Advisors LLC grew its stake in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock valued at $197,538,000 after acquiring an additional 227,671 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Expeditors International of Washington by 4,581.9% during the 2nd quarter. Squarepoint Ops LLC now owns 184,606 shares of the transportation company's stock valued at $23,037,000 after acquiring an additional 180,663 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Expeditors International of Washington by 29.8% during the 2nd quarter. Natixis Advisors LLC now owns 629,415 shares of the transportation company's stock valued at $78,545,000 after acquiring an additional 144,570 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.
Analyst Upgrades and Downgrades
EXPD has been the topic of several recent research reports. Bank of America upped their price target 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. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. TD Cowen downgraded Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their price objective for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, Robert W. Baird lifted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $115.33.
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Get Our Latest Report on EXPD
Expeditors International of Washington Trading Down 0.5 %
Shares of NASDAQ EXPD traded down $0.65 on Friday, reaching $120.50. 1,192,543 shares of the company traded hands, compared to its average volume of 1,215,321. The company has a 50 day moving average of $122.82 and a 200 day moving average of $121.00. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The stock has a market capitalization of $17.02 billion, a PE ratio of 25.53, a P/E/G ratio of 5.51 and a beta of 0.97.
Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) 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). The company 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. As a group, research analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.
Expeditors International of Washington Company Profile
(Free Report)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.
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