Caprock Group LLC Makes New $683,000 Investment in Expeditors International of Washington, Inc. $EXPD

Caprock Group LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,667 shares of the transportation company’s stock, valued at approximately $683,000.

Several other large investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Expeditors International of Washington by 1.4% during the 3rd quarter. Rhumbline Advisers now owns 308,987 shares of the transportation company’s stock worth $37,879,000 after purchasing an additional 4,146 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Expeditors International of Washington by 6.4% in the third quarter. Stratos Wealth Partners LTD. now owns 2,168 shares of the transportation company’s stock worth $266,000 after buying an additional 131 shares in the last quarter. MQS Management LLC acquired a new position in Expeditors International of Washington during the third quarter worth about $284,000. Legacy Financial Strategies LLC grew its stake in Expeditors International of Washington by 3.7% during the 3rd quarter. Legacy Financial Strategies LLC now owns 23,478 shares of the transportation company’s stock valued at $2,878,000 after acquiring an additional 846 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its stake in Expeditors International of Washington by 0.4% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 56,587 shares of the transportation company’s stock valued at $6,937,000 after acquiring an additional 243 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXPD. Morgan Stanley upped their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Barclays boosted their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $146.27 on Tuesday. The firm has a 50-day simple moving average of $156.19 and a two-hundred day simple moving average of $136.89. The stock has a market cap of $19.60 billion, a PE ratio of 25.57, a P/E/G ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19.

Expeditors International of Washington 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.