Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 69.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,516 shares of the transportation company’s stock after selling 182,100 shares during the quarter. Renaissance Technologies LLC owned 0.06% of Expeditors International of Washington worth $9,923,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $25,000. Optiver Holding B.V. bought a new stake in Expeditors International of Washington during the fourth quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in Expeditors International of Washington in the second quarter worth approximately $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter valued at $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 1.9 %

Expeditors International of Washington stock opened at $125.49 on Tuesday. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The stock has a market cap of $17.73 billion, a P/E ratio of 26.59, a P/E/G ratio of 5.59 and a beta of 0.97. The company’s fifty day simple moving average is $122.13 and its 200-day simple moving average is $120.52.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EXPD shares. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America upped their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Robert W. Baird lifted their target price on shares of 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $116.00.

About Expeditors International of Washington

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.