Expeditors International of Washington (EXPD) Holdings Reduced by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 51.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,383 shares of the transportation company’s stock after selling 3,617 shares during the period. Allianz Asset Management GmbH’s holdings in Expeditors International of Washington were worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPD. Atria Investments LLC bought a new position in Expeditors International of Washington in the 1st quarter worth $203,000. TLP Group LLC raised its holdings in Expeditors International of Washington by 1,334.1% in the 1st quarter. TLP Group LLC now owns 3,284 shares of the transportation company’s stock worth $208,000 after purchasing an additional 3,055 shares in the last quarter. Parametrica Management Ltd bought a new position in Expeditors International of Washington in the 1st quarter worth $230,000. Sawtooth Solutions LLC bought a new position in Expeditors International of Washington in the 1st quarter worth $234,000. Finally, Gideon Capital Advisors Inc. bought a new position in Expeditors International of Washington in the 1st quarter worth $239,000. 92.96% of the stock is currently owned by institutional investors.

EXPD stock traded up $0.29 during trading on Friday, hitting $73.28. 1,213,800 shares of the stock traded hands, compared to its average volume of 1,259,707. Expeditors International of Washington has a 1 year low of $55.03 and a 1 year high of $78.16. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.90 and a beta of 0.70.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. analysts anticipate that Expeditors International of Washington will post 3.16 EPS for the current year.

EXPD has been the subject of several research reports. Credit Suisse Group upped their price objective on shares of Expeditors International of Washington from $63.00 to $67.00 and gave the stock an “underperform” rating in a report on Wednesday, May 9th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $65.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird upped their target price on shares of Expeditors International of Washington from $70.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, June 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.00.

About Expeditors International of Washington

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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