Traders Sell Shares of Expeditors International of Washington, Inc. (EXPD) on Strength (EXPD)

Traders sold shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) on strength during trading on Thursday. $9.40 million flowed into the stock on the tick-up and $54.19 million flowed out of the stock on the tick-down, for a money net flow of $44.79 million out of the stock. Of all equities tracked, Expeditors International of Washington had the 0th highest net out-flow for the day. Expeditors International of Washington traded up $0.12 for the day and closed at $56.59

EXPD has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 price target (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Cowen and Company reiterated a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.80.

The stock has a market cap of $10.30 billion, a PE ratio of 24.66 and a beta of 0.66. The company’s 50-day moving average price is $56.85 and its 200 day moving average price is $55.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Analysts forecast that Expeditors International of Washington, Inc. will post $2.32 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. TrimTabs Asset Management LLC increased its holdings in Expeditors International of Washington by 89.1% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after purchasing an additional 976 shares in the last quarter. Mosaic Family Wealth LLC increased its holdings in Expeditors International of Washington by 2.0% during the 1st quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after purchasing an additional 49 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Expeditors International of Washington by 22.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after purchasing an additional 471 shares in the last quarter. Van ECK Associates Corp increased its holdings in Expeditors International of Washington by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after purchasing an additional 193 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Expeditors International of Washington by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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