BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $17.48 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,053 shares of the transportation company’s stock after selling 41,228 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.10% of Expeditors International of Washington worth $17,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Expeditors International of Washington by 0.3% in the 4th quarter. Van ECK Associates Corp now owns 31,481 shares of the transportation company’s stock worth $4,004,000 after purchasing an additional 105 shares in the last quarter. Savant Capital LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $373,000. Victory Capital Management Inc. grew its position in Expeditors International of Washington by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 274,060 shares of the transportation company’s stock worth $34,860,000 after buying an additional 1,813 shares in the last quarter. Summit Financial LLC bought a new position in Expeditors International of Washington during the 4th quarter worth $247,000. Finally, Concentrum Wealth Management acquired a new position in Expeditors International of Washington in the 4th quarter valued at $233,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on EXPD. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Susquehanna boosted their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, TD Cowen boosted their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Stock Up 1.0 %

Shares of NASDAQ:EXPD traded up $1.25 during trading on Friday, hitting $123.42. 1,112,325 shares of the company were exchanged, compared to its average volume of 1,260,694. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The company has a market capitalization of $17.43 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. The business’s 50 day moving average is $122.11 and its 200-day moving average is $120.32.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company earned $1.30 EPS. Expeditors International of Washington’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

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.