Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Wolverine Trading LLC

Wolverine Trading LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 76.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,666 shares of the transportation company’s stock after selling 15,234 shares during the period. Wolverine Trading LLC’s holdings in Expeditors International of Washington were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. HighTower Advisors LLC raised its holdings in shares of Expeditors International of Washington by 24.8% in the second quarter. HighTower Advisors LLC now owns 36,808 shares of the transportation company’s stock valued at $4,655,000 after buying an additional 7,323 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Expeditors International of Washington by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 10,330 shares of the transportation company’s stock worth $1,307,000 after purchasing an additional 111 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new position in Expeditors International of Washington during the second quarter worth about $135,000. Nisa Investment Advisors LLC raised its holdings in Expeditors International of Washington by 44.5% during the second quarter. Nisa Investment Advisors LLC now owns 36,589 shares of the transportation company’s stock worth $4,632,000 after purchasing an additional 11,262 shares in the last quarter. Finally, WealthShield Partners LLC raised its holdings in Expeditors International of Washington by 121.2% during the second quarter. WealthShield Partners LLC now owns 1,792 shares of the transportation company’s stock worth $227,000 after purchasing an additional 982 shares in the last quarter. Institutional investors own 91.92% of the company’s stock.

In other news, VP Jeffrey F. Dickerman sold 276 shares of the firm’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $127.05, for a total value of $35,065.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jeffrey F. Dickerman sold 340 shares of Expeditors International of Washington stock in a transaction on Friday, September 10th. The stock was sold at an average price of $126.11, for a total transaction of $42,877.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,816 shares of company stock worth $1,111,389. 0.69% of the stock is currently owned by insiders.

Shares of NASDAQ EXPD opened at $128.28 on Wednesday. Expeditors International of Washington, Inc. has a 1 year low of $85.01 and a 1 year high of $130.76. The firm’s 50 day moving average price is $125.47 and its 200 day moving average price is $118.13. The firm has a market cap of $21.79 billion, a P/E ratio of 22.16 and a beta of 0.79.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 3rd. The transportation company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.21. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.49 billion. Expeditors International of Washington had a net margin of 7.88% and a return on equity of 35.71%. Expeditors International of Washington’s revenue was up 49.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Analysts anticipate that Expeditors International of Washington, Inc. will post 6.59 EPS for the current fiscal year.

Several research analysts recently issued reports on EXPD shares. Wells Fargo & Company increased their price target on shares of Expeditors International of Washington from $123.00 to $131.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 13th. Barclays increased their price target on shares of Expeditors International of Washington from $96.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday, August 30th. Vertical Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a report on Monday, July 26th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a report on Monday, August 9th. Finally, Morgan Stanley increased their price target on shares of Expeditors International of Washington from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, July 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.00.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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