Jnba Financial Advisors Lowers stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Jnba Financial Advisors reduced its stake in Expeditors International of Washington by 3.61% during the most recent quarter end. The investment management company now holds a total of 4,000 shares of Expeditors International of Washington which is valued at $195,800 after selling 150 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Expeditors International of Washington makes up approximately 0.07% of Jnba Financial Advisors’s portfolio.

Expeditors International of Washington opened for trading at $49.57 and hit $50.49 on the upside on Wednesday, eventually ending the session at $50.35, with a gain of 1.43% or 0.71 points. The heightened volatility saw the trading volume jump to 20,02,843 shares. Company has a market cap of $9,169 M.

Other Hedge Funds, Including , St Germain D J Co Inc reduced its stake in EXPD by selling 4,515 shares or 6.14% in the most recent quarter. The Hedge Fund company now holds 69,014 shares of EXPD which is valued at $3,378,235. Expeditors International of Washington makes up approx 0.47% of St Germain D J Co Inc’s portfolio.Marathon Asset Management Llp boosted its stake in EXPD in the latest quarter, The investment management firm added 7,498 additional shares and now holds a total of 425,514 shares of Expeditors International of Washington which is valued at $20,828,910. Expeditors International of Washington makes up approx 0.45% of Marathon Asset Management Llp’s portfolio. Reilly Financial Advisors added EXPD to its portfolio by purchasing 155 company shares during the most recent quarter which is valued at $7,587.Exxonmobil Investment Management Inc Tx boosted its stake in EXPD in the latest quarter, The investment management firm added 2,554 additional shares and now holds a total of 44,337 shares of Expeditors International of Washington which is valued at $2,183,154. Expeditors International of Washington makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Jlb Associates Inc boosted its stake in EXPD in the latest quarter, The investment management firm added 764 additional shares and now holds a total of 39,454 shares of Expeditors International of Washington which is valued at $1,890,241. Expeditors International of Washington makes up approx 0.56% of Jlb Associates Inc’s portfolio.

On the company’s financial health, Expeditors International of Washington reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.60. The company had revenue of $1596.20 million for the quarter, compared to analysts expectations of $1702.99 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Expeditors International of Washington. Expeditors International of Washington was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 21, 2016. Company shares were Upgraded by Barclays on Apr 15, 2016 to ” Overweight”, Firm has raised the Price Target to $ 58 from a previous price target of $51 .Cowen Initiated Expeditors International of Washington on Mar 18, 2016 to “Market Perform”, Price Target of the shares are set at $53.

Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Company’s services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.

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