Valeo Financial Advisors LLC reduced its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 27.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375 shares of the transportation company’s stock after selling 139 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPD. Norges Bank acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $114,445,000. AJO LP acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at $27,841,000. Ronna Sue Cohen increased its position in shares of Expeditors International of Washington by 7,813.3% during the 1st quarter. Ronna Sue Cohen now owns 296,827 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 293,076 shares during the period. California Public Employees Retirement System increased its position in shares of Expeditors International of Washington by 19.3% during the 1st quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock valued at $91,976,000 after purchasing an additional 196,219 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Expeditors International of Washington by 21.2% during the 1st quarter. Nordea Investment Management AB now owns 987,674 shares of the transportation company’s stock valued at $74,965,000 after purchasing an additional 172,862 shares during the period. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Shares of NASDAQ EXPD traded up $0.79 during mid-day trading on Friday, reaching $76.19. The company had a trading volume of 610,799 shares, compared to its average volume of 1,016,348. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $13.10 billion, a PE ratio of 21.89 and a beta of 0.91. The business has a 50-day moving average price of $74.54. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.99 billion. Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Sell-side analysts predict that Expeditors International of Washington will post 3.45 earnings per share for the current fiscal year.

EXPD has been the topic of several research analyst reports. Loop Capital initiated coverage on Expeditors International of Washington in a research report on Thursday, May 30th. They set a “hold” rating and a $78.00 price target on the stock. Cowen reiterated a “buy” rating and set a $149.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, May 8th. BidaskClub cut YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Friday, May 17th. Finally, Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Expeditors International of Washington has an average rating of “Hold” and an average target price of $73.29.

Expeditors International of Washington 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.

Further Reading: Do closed-end mutual funds pay dividends?

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.