Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,477 shares of the transportation company’s stock after selling 2,246 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Expeditors International of Washington were worth $588,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Prudential PLC lifted 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 purchasing an additional 39,321 shares during the period. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at about $2,954,000. Banco Santander S.A. lifted its stake in shares of Expeditors International of Washington by 141.0% in the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after purchasing an additional 52,603 shares during the period. Magnetar Financial LLC acquired a new position in Expeditors International of Washington during the first quarter worth about $1,305,000. Finally, Assenagon Asset Management S.A. raised its position in Expeditors International of Washington by 62.5% during the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after acquiring an additional 70,329 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of research reports. Bank of America lifted their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird lifted their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Two investment 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, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Trading Down 1.7 %

NASDAQ EXPD opened at $120.44 on Friday. The company’s fifty day simple moving average is $122.96 and its 200-day simple moving average is $120.90. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.59. The stock has a market cap of $17.01 billion, a P/E ratio of 25.52, a PEG ratio of 5.71 and a beta of 0.97.

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