What’s Next for Expeditors International Washington (NASDAQ:EXPD) After Having Less Shares Shorted?

January 19, 2018 - By Marguerite Chambers

 What's Next for Expeditors International Washington (NASDAQ:EXPD) After Having Less Shares Shorted?

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.02, from 1.06 in 2017Q2. It dived, as 29 investors sold Expeditors International of Washington, Inc. shares while 155 reduced holdings. 43 funds opened positions while 149 raised stakes. 160.89 million shares or 0.51% less from 161.72 million shares in 2017Q2 were reported.
Swiss Bancshares owns 1.01M shares or 0.07% of their US portfolio. Gam Ag reported 0.06% stake. 26,627 are held by Martingale Asset Mngmt Limited Partnership. Cap Invest Counsel accumulated 0.31% or 11,825 shares. Southeast Asset Advsr reported 0.32% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Baldwin Brothers Ma reported 1,645 shares. Schwab Charles Invest Mngmt accumulated 889,016 shares. Omers Administration, a Ontario – Canada-based fund reported 57,991 shares. Arcadia Mngmt Corp Mi holds 0.21% or 11,482 shares. Moreover, Anchor Lc has 0.57% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Nordea Inv accumulated 18,574 shares. Natixis reported 0.01% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Covington Capital owns 0.01% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 2,600 shares. Schroder Investment Mngmt Grp reported 0.02% stake. Guardian Life Insur Company Of America accumulated 404 shares.

The stock of Expeditors International Washington (NASDAQ:EXPD) registered a decrease of 3.48% in short interest. EXPD’s total short interest was 9.18M shares in January as published by FINRA. Its down 3.48% from 9.51M shares, reported previously. With 1.23M shares average volume, it will take short sellers 8 days to cover their EXPD’s short positions. The short interest to Expeditors International Washington’s float is 5.14%.

The stock increased 0.03% or $0.02 during the last trading session, reaching $66.09. About 691,942 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 10.45% since January 19, 2017 and is uptrending. It has underperformed by 6.25% the S&P500.

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $11.74 billion. The firm offers airfreight services, including air freight consolidation and forwarding; ocean freight and ocean services comprising 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, cargo insurance, and other logistics solutions. It has a 27.77 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Ratings Coverage

Among 15 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Expeditors International of Washington has $72.0 highest and $42 lowest target. $55.54’s average target is -15.96% below currents $66.09 stock price. Expeditors International of Washington had 41 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, October 19 by Robert W. Baird. The rating was maintained by Morgan Stanley on Monday, November 13 with “Equal-Weight”. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Wednesday, September 6 by Robert W. Baird. The firm earned “Market Perform” rating on Wednesday, February 22 by Cowen & Co. S&P Research maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) on Tuesday, September 22 with “Buy” rating. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Thursday, August 4 by Stifel Nicolaus. The company was upgraded on Tuesday, August 25 by Stifel Nicolaus. The firm earned “Underperform” rating on Wednesday, November 8 by Credit Suisse. Cowen & Co maintained the shares of EXPD in report on Monday, July 17 with “Hold” rating. Credit Suisse maintained it with “Underperform” rating and $42 target in Wednesday, February 24 report.

Another recent and important Expeditors International of Washington, Inc. (NASDAQ:EXPD) news was published by Realmoney.Thestreet.com which published an article titled: “Higher Ground Still in Store for Expeditors International of Washington” on December 13, 2017.

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