Elo Mutual Pension Insurance Co Sells 1,244 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Elo Mutual Pension Insurance Co reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.3% in the second quarter, HoldingsChannel reports. The firm owned 12,100 shares of the transportation company’s stock after selling 1,244 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Expeditors International of Washington were worth $1,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXPD. Prudential PLC grew its position in shares of Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after acquiring an additional 39,321 shares during the period. Swedbank AB bought a new stake in Expeditors International of Washington during the first quarter valued at about $2,954,000. Banco Santander S.A. increased its position in Expeditors International of Washington by 141.0% in the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after buying an additional 52,603 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Expeditors International of Washington in the first quarter worth about $1,305,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after buying an additional 70,329 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several analyst reports. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Bank of America lifted their target price on shares of 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Stock Down 1.9 %

EXPD opened at $123.25 on Friday. The company has a market capitalization of $17.41 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The firm has a 50-day simple moving average of $121.94 and a two-hundred day simple moving average of $120.47. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the company posted $1.30 earnings per share. Expeditors International of Washington’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Expeditors International of Washington Company Profile

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.