Concurrent Investment Advisors LLC Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Concurrent Investment Advisors LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 28.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,841 shares of the transportation company’s stock after buying an additional 632 shares during the period. Concurrent Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EXPD. BNP Paribas Financial Markets lifted its stake in Expeditors International of Washington by 71.9% during the fourth quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock worth $29,009,000 after purchasing an additional 95,389 shares during the last quarter. Prudential PLC lifted its holdings in shares of Expeditors International of Washington by 80.5% in the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after purchasing an additional 39,321 shares during the last quarter. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at about $2,954,000. Trexquant Investment LP purchased a new position in Expeditors International of Washington during the 4th quarter worth approximately $5,468,000. Finally, Banco Santander S.A. increased its position in Expeditors International of Washington by 141.0% during the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after buying an additional 52,603 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $123.29 on Wednesday. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The stock has a fifty day moving average price of $121.97 and a two-hundred day moving average price of $120.22. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 5.61 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Insider Activity

In related news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on EXPD shares. TD Cowen increased their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America boosted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and ten have given 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 $116.00.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.