Expeditors International of Washington (NASDAQ:EXPD) Shares Down 4.4%

Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) traded down 4.4% during mid-day trading on Tuesday . The company traded as low as $98.99 and last traded at $101.81. 5,291 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,167,900 shares. The stock had previously closed at $106.48.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPD. Cowen increased their price objective on shares of Expeditors International of Washington from $111.00 to $125.00 in a research note on Thursday, May 5th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Cowen increased their price objective on shares of Expeditors International of Washington from $111.00 to $125.00 in a research note on Thursday, May 5th. Wells Fargo & Company cut their price objective on shares of Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, July 15th. Finally, Barclays cut their price objective on shares of Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.38.

Expeditors International of Washington Stock Up 0.5 %

The company has a market cap of $17.24 billion, a price-to-earnings ratio of 11.90 and a beta of 0.88. The company’s 50-day moving average is $100.69 and its 200 day moving average is $103.77.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The transportation company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.13 by $0.14. Expeditors International of Washington had a net margin of 8.20% and a return on equity of 42.58%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter last year, the business earned $1.84 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post 7.64 EPS for the current fiscal year.

Institutional Trading of Expeditors International of Washington

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Expeditors International of Washington by 8.6% in the fourth quarter. BlackRock Inc. now owns 22,923,231 shares of the transportation company’s stock valued at $3,078,361,000 after purchasing an additional 1,812,773 shares during the period. Vanguard Group Inc. grew its position in shares of Expeditors International of Washington by 1.0% in the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after purchasing an additional 190,319 shares during the period. State Street Corp grew its position in shares of Expeditors International of Washington by 5.2% in the fourth quarter. State Street Corp now owns 9,275,975 shares of the transportation company’s stock valued at $1,245,671,000 after purchasing an additional 455,974 shares during the period. Geode Capital Management LLC grew its position in shares of Expeditors International of Washington by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,494,575 shares of the transportation company’s stock valued at $468,177,000 after purchasing an additional 70,220 shares during the period. Finally, Invesco Ltd. grew its position in shares of Expeditors International of Washington by 29.6% in the fourth quarter. Invesco Ltd. now owns 2,509,534 shares of the transportation company’s stock valued at $337,005,000 after purchasing an additional 573,030 shares during the period. Institutional investors and hedge funds own 92.14% of the company’s stock.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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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