Expeditors International of Washington (NASDAQ:EXPD) Shares Sold by Raymond James Financial Services Advisors Inc.

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Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 40.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,001 shares of the transportation company’s stock after selling 9,492 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Expeditors International of Washington were worth $1,065,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. PGGM Investments raised its holdings in shares of Expeditors International of Washington by 33.3% during the second quarter. PGGM Investments now owns 371,793 shares of the transportation company’s stock worth $28,271,000 after purchasing an additional 92,887 shares during the period. Squar Milner Financial Services LLC grew its position in shares of Expeditors International of Washington by 6.1% during the second quarter. Squar Milner Financial Services LLC now owns 3,435 shares of the transportation company’s stock worth $261,000 after acquiring an additional 198 shares during the last quarter. Bristlecone Advisors LLC grew its position in shares of Expeditors International of Washington by 1.4% during the second quarter. Bristlecone Advisors LLC now owns 29,326 shares of the transportation company’s stock worth $2,230,000 after acquiring an additional 397 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Expeditors International of Washington by 71.7% during the second quarter. Parallel Advisors LLC now owns 6,242 shares of the transportation company’s stock worth $474,000 after acquiring an additional 2,607 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of Expeditors International of Washington by 4.1% during the second quarter. Raymond James Trust N.A. now owns 5,553 shares of the transportation company’s stock worth $422,000 after acquiring an additional 220 shares during the last quarter. 92.27% of the stock is currently owned by institutional investors.

In other news, CFO Bradley S. Powell sold 18,470 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $76.75, for a total transaction of $1,417,572.50. Following the completion of the transaction, the chief financial officer now owns 13,439 shares in the company, valued at approximately $1,031,443.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Shares of EXPD opened at $84.51 on Friday. The firm has a 50-day moving average price of $76.87 and a 200 day moving average price of $72.97. The firm has a market capitalization of $14.06 billion, a PE ratio of 25.45 and a beta of 0.77. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.15. Expeditors International of Washington has a 52-week low of $52.55 and a 52-week high of $84.90.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Expeditors International of Washington had a net margin of 7.12% and a return on equity of 27.00%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities analysts expect that Expeditors International of Washington will post 3.03 EPS for the current year.

Several equities analysts have recently commented on EXPD shares. Credit Suisse Group upped their price target on shares of Expeditors International of Washington from $62.00 to $66.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 6th. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley upped their price target on shares of Expeditors International of Washington from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. UBS Group upped their price target on shares of Expeditors International of Washington from $60.00 to $63.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Finally, Cowen decreased their target price on shares of Expeditors International of Washington from $77.00 to $68.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. Four analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $69.25.

Expeditors International of Washington Company 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.

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

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