Larson Financial Group LLC Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Larson Financial Group LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 78.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 943 shares of the transportation company’s stock after selling 3,388 shares during the quarter. Larson Financial Group LLC’s holdings in Expeditors International of Washington were worth $118,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Expeditors International of Washington by 71.9% during the 4th quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock worth $29,009,000 after purchasing an additional 95,389 shares during the period. Prudential PLC grew its stake in shares of Expeditors International of Washington by 80.5% in the fourth quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after buying an additional 39,321 shares in the last quarter. Swedbank AB purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $2,954,000. Trexquant Investment LP acquired a new position in Expeditors International of Washington during the 4th quarter worth about $5,468,000. Finally, Banco Santander S.A. boosted its holdings in Expeditors International of Washington by 141.0% during 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 period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $121.00 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 5.61 and a beta of 0.97. The business has a 50-day moving average of $121.78 and a two-hundred day moving average of $120.28.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly 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). The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.30 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPD. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a research note on Tuesday, May 14th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Finally, Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.00.

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.