Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 548.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,539,948 shares of the transportation company’s stock after acquiring an additional 2,147,954 shares during the quarter. Envestnet Asset Management Inc. owned about 1.66% of Expeditors International of Washington worth $44,987,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in Expeditors International of Washington by 517.3% in the fourth quarter. First Trust Advisors LP now owns 2,144,696 shares of the transportation company’s stock worth $222,884,000 after purchasing an additional 1,797,268 shares during the period. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $133,106,000. Renaissance Technologies LLC boosted its holdings in shares of Expeditors International of Washington by 1,025.5% in the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after acquiring an additional 902,600 shares in the last quarter. Select Equity Group L.P. increased its stake in shares of Expeditors International of Washington by 388.0% during the fourth quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock valued at $69,644,000 after acquiring an additional 532,835 shares during the period. Finally, Boston Partners increased its stake in shares of Expeditors International of Washington by 19.3% during the first quarter. Boston Partners now owns 3,044,844 shares of the transportation company’s stock valued at $335,370,000 after acquiring an additional 491,704 shares during the period. Institutional investors own 96.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXPD shares. Stephens increased their price target on Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 9th. StockNews.com assumed coverage on Expeditors International of Washington in a research note on Thursday, August 17th. They set a “hold” rating for the company. JPMorgan Chase & Co. started coverage on shares of Expeditors International of Washington in a research report on Friday, August 11th. They issued an “underweight” rating and a $110.00 price target on the stock. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $99.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.18.

Insiders Place Their Bets

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 30,041 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $111.30, for a total transaction of $3,343,563.30. Following the completion of the transaction, the chief executive officer now owns 116,587 shares of the company’s stock, valued at approximately $12,976,133.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 0.6 %

EXPD stock opened at $115.01 on Tuesday. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $128.04. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 17.24 and a beta of 1.00. The company has a 50 day moving average of $120.00 and a two-hundred day moving average of $114.24.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.65 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 34.31%. The firm’s revenue for the quarter was down 51.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.36 EPS for the current year.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, 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.