Chevy Chase Trust Holdings Inc. Sells 3,830 Shares of Expeditors International of Washington (EXPD)

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Chevy Chase Trust Holdings Inc. cut its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,147 shares of the transportation company’s stock after selling 3,830 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Expeditors International of Washington were worth $10,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. IFM Investors Pty Ltd boosted its stake in Expeditors International of Washington by 19.6% in the third quarter. IFM Investors Pty Ltd now owns 10,284 shares of the transportation company’s stock valued at $756,000 after acquiring an additional 1,684 shares in the last quarter. Bristlecone Advisors LLC boosted its stake in Expeditors International of Washington by 45.8% in the third quarter. Bristlecone Advisors LLC now owns 26,880 shares of the transportation company’s stock valued at $1,976,000 after acquiring an additional 8,445 shares in the last quarter. Strs Ohio boosted its stake in Expeditors International of Washington by 24.1% in the third quarter. Strs Ohio now owns 31,070 shares of the transportation company’s stock valued at $2,284,000 after acquiring an additional 6,041 shares in the last quarter. BB&T Corp boosted its stake in Expeditors International of Washington by 2.2% in the third quarter. BB&T Corp now owns 102,961 shares of the transportation company’s stock valued at $7,571,000 after acquiring an additional 2,241 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Expeditors International of Washington in the third quarter valued at approximately $88,985,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.

NASDAQ:EXPD opened at $67.18 on Thursday. Expeditors International of Washington has a 12 month low of $56.44 and a 12 month high of $78.16. The firm has a market cap of $11.39 billion, a PE ratio of 27.09, a P/E/G ratio of 2.61 and a beta of 0.66.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Research analysts predict that Expeditors International of Washington will post 3.14 EPS for the current fiscal year.

Several brokerages have weighed in on EXPD. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Deutsche Bank began coverage on shares of Expeditors International of Washington in a research note on Tuesday, September 4th. They issued a “hold” rating and a $71.00 target price for the company. Stifel Nicolaus set a $73.00 target price on shares of Expeditors International of Washington and gave the company a “hold” rating in a research note on Wednesday, August 8th. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group lowered their target price on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research note on Wednesday, August 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.50.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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