Prudential PLC Has $508,000 Stake in Expeditors International of Washington, Inc. (EXPD)

Prudential PLC continued to hold its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the transportation company’s stock at the end of the second quarter. Prudential PLC’s holdings in Expeditors International of Washington were worth $508,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Expeditors International of Washington by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after buying an additional 532,318 shares during the last quarter. BlackRock Inc. raised its stake in shares of Expeditors International of Washington by 1,951.4% during the 1st quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after buying an additional 13,787,678 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Expeditors International of Washington by 0.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 13,961,384 shares of the transportation company’s stock worth $788,679,000 after buying an additional 47,501 shares during the last quarter. State Street Corp raised its stake in shares of Expeditors International of Washington by 0.6% during the 1st quarter. State Street Corp now owns 10,805,641 shares of the transportation company’s stock worth $610,406,000 after buying an additional 69,252 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Expeditors International of Washington by 43.0% during the 1st quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock worth $268,582,000 after buying an additional 1,429,041 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on EXPD shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price target (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Barclays PLC lifted their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.

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Expeditors International of Washington, Inc. (EXPD) opened at 60.26 on Thursday. The company has a 50-day moving average of $57.80 and a 200 day moving average of $56.38. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $60.50. The firm has a market cap of $10.89 billion, a P/E ratio of 26.09 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company posted $0.63 EPS. Expeditors International of Washington’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts predict that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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