Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Holdings Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 27.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,938 shares of the transportation company’s stock after selling 4,081 shares during the period. Vontobel Holding Ltd.’s holdings in Expeditors International of Washington were worth $1,437,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Swedbank AB boosted its stake in Expeditors International of Washington by 1.1% in the third quarter. Swedbank AB now owns 21,910 shares of the transportation company’s stock valued at $2,879,000 after acquiring an additional 231 shares during the period. Boomfish Wealth Group LLC boosted its position in Expeditors International of Washington by 3.9% during the 3rd quarter. Boomfish Wealth Group LLC now owns 18,052 shares of the transportation company’s stock valued at $2,372,000 after purchasing an additional 680 shares during the period. ORG Wealth Partners LLC bought a new position in Expeditors International of Washington during the 3rd quarter worth $239,000. Procyon Advisors LLC grew its stake in Expeditors International of Washington by 5.3% during the 3rd quarter. Procyon Advisors LLC now owns 19,698 shares of the transportation company’s stock worth $2,588,000 after buying an additional 1,000 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Expeditors International of Washington by 1,027.2% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,171 shares of the transportation company’s stock worth $1,468,000 after buying an additional 10,180 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $120.50 on Friday. The stock has a market capitalization of $17.02 billion, a P/E ratio of 25.53, a P/E/G ratio of 5.51 and a beta of 0.97. The business’s fifty day moving average is $122.82 and its two-hundred day moving average is $121.02. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59.

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

Analyst Ratings Changes

Several research firms have commented on EXPD. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and decreased their target price for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. Bank of America boosted their price target on 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. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Robert W. Baird increased their target price 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. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $115.33.

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.