Banco Santander S.A. Increases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banco Santander S.A. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 6.0% in the 1st quarter, HoldingsChannel reports. The firm owned 67,450 shares of the transportation company’s stock after purchasing an additional 3,830 shares during the quarter. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $6,958,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Expeditors International of Washington by 8.6% during the 4th quarter. BlackRock Inc. now owns 22,923,231 shares of the transportation company’s stock worth $3,078,361,000 after purchasing an additional 1,812,773 shares in the last quarter. Norges Bank purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $188,947,000. Invesco Ltd. boosted its holdings in Expeditors International of Washington by 29.6% in the 4th quarter. Invesco Ltd. now owns 2,509,534 shares of the transportation company’s stock worth $337,005,000 after acquiring an additional 573,030 shares during the period. State Street Corp raised its position in shares of Expeditors International of Washington by 5.2% in the 4th quarter. State Street Corp now owns 9,275,975 shares of the transportation company’s stock valued at $1,245,671,000 after purchasing an additional 455,974 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Expeditors International of Washington by 294.0% in the 4th quarter. Millennium Management LLC now owns 472,510 shares of the transportation company’s stock valued at $63,453,000 after purchasing an additional 352,575 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

Expeditors International of Washington Stock Down 0.0 %

EXPD opened at $103.53 on Friday. The company has a market capitalization of $17.37 billion, a P/E ratio of 11.41 and a beta of 0.88. The stock’s fifty day moving average is $100.45 and its two-hundred day moving average is $103.53. Expeditors International of Washington, Inc. has a 52 week low of $92.58 and a 52 week high of $137.80.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.14. Expeditors International of Washington had a return on equity of 42.95% and a net margin of 8.09%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same quarter last year, the business posted $1.84 EPS. The company’s revenue was up 27.5% on a year-over-year basis. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 7.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $125.00 in a research report on Thursday, May 5th. Cowen boosted their target price on Expeditors International of Washington from $111.00 to $125.00 in a research report on Thursday, May 5th. Wells Fargo & Company decreased their target price on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.38.

About Expeditors International of Washington

(Get Rating)

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, specialized cargo monitoring and tracking, and other supply chain solutions.

Recommended Stories

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating).

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.