Expeditors International of Washington, Inc. $EXPD Holdings Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,171 shares of the transportation company’s stock after selling 31,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Expeditors International of Washington were worth $37,698,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Verdence Capital Advisors LLC increased its holdings in Expeditors International of Washington by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,472 shares of the transportation company’s stock valued at $456,000 after purchasing an additional 51 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Expeditors International of Washington by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 3,886 shares of the transportation company’s stock worth $758,000 after buying an additional 56 shares during the last quarter. Mather Group LLC. boosted its holdings in Expeditors International of Washington by 6.4% during the third quarter. Mather Group LLC. now owns 1,051 shares of the transportation company’s stock worth $194,000 after buying an additional 63 shares during the last quarter. RFG Advisory LLC grew its position in shares of Expeditors International of Washington by 3.5% during the 2nd quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company’s stock worth $307,000 after buying an additional 64 shares during the period. Finally, Fortitude Family Office LLC grew its position in shares of Expeditors International of Washington by 76.0% during the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock worth $32,000 after buying an additional 76 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent analyst reports. UBS Group upped their price target on Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, TD Cowen lifted their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $198.25 on Friday. The firm has a market cap of $25.77 billion, a P/E ratio of 34.66, a P/E/G ratio of 5.00 and a beta of 1.07. The stock’s 50-day moving average is $191.72 and its 200-day moving average is $167.05. Expeditors International of Washington, Inc. has a one year low of $118.94 and a one year high of $200.66.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. During the same period last year, the firm posted $1.34 earnings per share. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.