LPL Financial LLC Has $16.82 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

LPL Financial LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,905 shares of the transportation company’s stock after acquiring an additional 10,994 shares during the period. LPL Financial LLC owned 0.10% of Expeditors International of Washington worth $16,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its holdings in Expeditors International of Washington by 8.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company’s stock worth $261,000 after buying an additional 193 shares during the period. World Investment Advisors raised its stake in Expeditors International of Washington by 44.7% in the 4th quarter. World Investment Advisors now owns 2,442 shares of the transportation company’s stock valued at $271,000 after acquiring an additional 754 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $6,434,000. Aviva PLC boosted its holdings in shares of Expeditors International of Washington by 33.5% during the fourth quarter. Aviva PLC now owns 189,881 shares of the transportation company’s stock worth $21,033,000 after acquiring an additional 47,610 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Expeditors International of Washington by 3.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 864,386 shares of the transportation company’s stock valued at $95,748,000 after buying an additional 30,484 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $116.39 on Wednesday. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The firm’s 50-day simple moving average is $114.56 and its two-hundred day simple moving average is $113.92.

Analysts Set New Price Targets

EXPD has been the subject of several recent analyst reports. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird started coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price for the company. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Barclays reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington 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.