Mercer Global Advisors Inc. ADV Sells 12,093 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mercer Global Advisors Inc. ADV lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,621 shares of the transportation company’s stock after selling 12,093 shares during the period. Mercer Global Advisors Inc. ADV owned 0.08% of Expeditors International of Washington worth $13,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crewe Advisors LLC bought a new position in Expeditors International of Washington in the 1st quarter worth about $25,000. Optiver Holding B.V. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington in the 2nd quarter worth approximately $35,000. Finally, ORG Partners LLC lifted its position in Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXPD. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. 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. Finally, Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $125.71 on Friday. The stock has a 50-day simple moving average of $121.88 and a two-hundred day simple moving average of $120.43. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The firm has a market capitalization of $17.76 billion, a PE ratio of 26.63, a P/E/G ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

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.