Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,675 shares of the transportation company’s stock after selling 300 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Expeditors International of Washington were worth $4,452,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crewe Advisors LLC acquired a new position in Expeditors International of Washington during the 1st quarter valued at about $25,000. Optiver Holding B.V. acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $27,000. Innealta Capital LLC acquired a new position in Expeditors International of Washington during the 2nd quarter valued at about $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington during the second quarter worth approximately $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.2 %

Shares of NASDAQ:EXPD opened at $120.78 on Monday. The company’s fifty day moving average is $121.70 and its two-hundred day moving average is $120.38. The company has a market cap of $17.06 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17.

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

Wall Street Analyst Weigh In

EXPD has been the topic of several research analyst reports. Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird boosted their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.