Expeditors International of Washington (NASDAQ:EXPD) Holdings Decreased by Nomura Asset Management Co. Ltd.

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Nomura Asset Management Co. Ltd. decreased its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,565 shares of the transportation company’s stock after selling 979 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rational Advisors LLC purchased a new position in shares of Expeditors International of Washington during the first quarter valued at $30,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at $33,000. Lenox Wealth Management Inc. grew its stake in Expeditors International of Washington by 98.9% in the second quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 282 shares in the last quarter. Van ECK Associates Corp purchased a new position in Expeditors International of Washington in the second quarter valued at about $54,000. Finally, FinTrust Capital Advisors LLC grew its stake in Expeditors International of Washington by 457.8% in the second quarter. FinTrust Capital Advisors LLC now owns 926 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

In other Expeditors International of Washington news, Director Sidney E. Harris sold 1,860 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $134.50, for a total value of $250,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eugene K. Alger sold 39,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $71.24, for a total value of $2,778,360.00. Following the completion of the transaction, the insider now directly owns 48,787 shares of the company’s stock, valued at approximately $3,475,585.88. The disclosure for this sale can be found here. Insiders have sold a total of 76,860 shares of company stock valued at $5,586,330 in the last three months. 1.20% of the stock is owned by insiders.

A number of analysts have weighed in on the company. Loop Capital assumed coverage on Expeditors International of Washington in a research report on Thursday, May 30th. They issued a “hold” rating and a $78.00 price target for the company. Cowen reaffirmed a “hold” rating and issued a $79.00 price target on shares of Expeditors International of Washington in a research report on Tuesday, August 6th. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group set a $67.00 price target on Expeditors International of Washington and gave the stock a “sell” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $73.13.

Shares of NASDAQ EXPD traded down $0.40 during trading hours on Thursday, hitting $74.89. 19,133 shares of the company’s stock were exchanged, compared to its average volume of 777,230. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 21.56 and a beta of 0.96. The company’s 50-day moving average price is $72.31 and its 200-day moving average price is $74.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Expeditors International of Washington had a return on equity of 31.26% and a net margin of 7.57%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Expeditors International of Washington will post 3.53 earnings per share for the current year.

Expeditors International of Washington Company Profile

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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