Headlands Technologies LLC Sells 2,635 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Headlands Technologies LLC lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,765 shares of the transportation company’s stock after selling 2,635 shares during the period. Headlands Technologies LLC’s holdings in Expeditors International of Washington were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in shares of Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares in the last quarter. Norges Bank bought a new position in Expeditors International of Washington in the fourth quarter valued at approximately $74,763,000. TD Asset Management Inc increased its position in shares of Expeditors International of Washington by 51.9% during the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after purchasing an additional 296,186 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $23,178,000. Finally, UBS Group AG boosted its holdings in shares of Expeditors International of Washington by 66.7% in the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after buying an additional 175,111 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.3 %

Shares of NASDAQ EXPD opened at $120.73 on Friday. The firm has a market cap of $17.04 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The business’s 50 day moving average is $121.70 and its 200-day moving average is $120.36. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion for 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. Analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXPD. Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird upped 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 report on Wednesday, July 3rd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America upped their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.