16,221 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Dakota Wealth Management

Dakota Wealth Management purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,221 shares of the transportation company’s stock, valued at approximately $2,417,000.

Several other institutional investors have also modified their holdings of the business. RIA Advisory Group LLC increased its position in shares of Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after acquiring an additional 78 shares during the period. HighPoint Advisor Group LLC boosted its holdings in Expeditors International of Washington by 4.2% in the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 84 shares during the period. Atria Investments Inc boosted its holdings in Expeditors International of Washington by 0.3% in the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock valued at $4,122,000 after purchasing an additional 100 shares during the period. Wynn Capital LLC grew its stake in Expeditors International of Washington by 2.5% during the 4th quarter. Wynn Capital LLC now owns 4,149 shares of the transportation company’s stock worth $618,000 after purchasing an additional 101 shares in the last quarter. Finally, Davidson Trust Co. grew its stake in Expeditors International of Washington by 3.2% during the 3rd quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock worth $452,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EXPD shares. JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Truist Financial reduced their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Finally, Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $141.37 on Friday. The company’s fifty day moving average price is $150.91 and its 200 day moving average price is $141.87. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $167.19. The firm has a market capitalization of $18.80 billion, a P/E ratio of 24.72, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.