Advisory Services Network LLC Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Advisory Services Network LLC increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 4.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,822 shares of the transportation company’s stock after buying an additional 997 shares during the period. Advisory Services Network LLC’s holdings in Expeditors International of Washington were worth $2,561,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at $27,000. Riverview Trust Co bought a new position in Expeditors International of Washington in the first quarter valued at $28,000. Artemis Wealth Advisors LLC bought a new position in Expeditors International of Washington in the first quarter valued at $31,000. Sandy Cove Advisors LLC increased its stake in Expeditors International of Washington by 3,725.0% in the first quarter. Sandy Cove Advisors LLC now owns 306 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 298 shares during the last quarter. Finally, Covestor Ltd increased its stake in Expeditors International of Washington by 103.6% in the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research analyst reports. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, July 12th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company reduced their price objective on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, July 15th. Finally, Barclays reduced their price objective on Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.38.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $92.81 on Friday. The stock has a market capitalization of $15.57 billion, a PE ratio of 10.23 and a beta of 0.87. Expeditors International of Washington, Inc. has a 1 year low of $90.07 and a 1 year high of $137.80. The business’s 50-day moving average is $102.56 and its 200 day moving average is $102.30.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The transportation company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.13 by $0.14. Expeditors International of Washington had a net margin of 8.09% and a return on equity of 42.95%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same period last year, the business posted $1.84 earnings per share. Expeditors International of Washington’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current year.

Expeditors International of Washington Company Profile

(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.

Read More

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.