Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,696 shares of the transportation company’s stock after selling 2,467 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Expeditors International of Washington were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Expeditors International of Washington by 7.8% in the first quarter. Geode Capital Management LLC now owns 2,051,545 shares of the transportation company’s stock valued at $115,752,000 after buying an additional 147,600 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Expeditors International of Washington by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,172,075 shares of the transportation company’s stock valued at $1,083,031,000 after buying an additional 450,763 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Expeditors International of Washington by 0.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,136 shares of the transportation company’s stock valued at $1,194,000 after buying an additional 150 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Expeditors International of Washington during the first quarter valued at about $8,913,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Expeditors International of Washington during the first quarter valued at about $8,913,000. Institutional investors and hedge funds own 94.09% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 59.01 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $59.52. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 25.22 and a beta of 0.64. The company’s 50-day moving average is $56.27 and its 200-day moving average is $55.18.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Expeditors International of Washington had a return on equity of 23.01% and a net margin of 6.87%. Expeditors International of Washington’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post $2.36 earnings per share for the current fiscal year.

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Several analysts have issued reports on the stock. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Finally, Vertical Research reaffirmed a “hold” rating and set a $63.00 price target on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $54.83.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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