Elo Mutual Pension Insurance Co Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Elo Mutual Pension Insurance Co decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,100 shares of the transportation company’s stock after selling 1,244 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Expeditors International of Washington were worth $1,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Expeditors International of Washington by 24.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,474 shares of the transportation company’s stock worth $3,290,000 after buying an additional 5,148 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in Expeditors International of Washington by 10.1% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 29,822 shares of the transportation company’s stock valued at $3,721,000 after acquiring an additional 2,728 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Expeditors International of Washington by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock worth $159,595,000 after acquiring an additional 85,393 shares during the period. Finally, Black Diamond Financial LLC raised its position in shares of Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 1.9 %

Shares of EXPD opened at $123.25 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The company has a market capitalization of $17.41 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The firm has a 50 day moving average of $121.94 and a 200 day moving average of $120.47.

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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analysts Set New Price Targets

EXPD has been the topic of several research reports. Benchmark restated 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 upped their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America increased 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. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird raised 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 note 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.