Wealthfront Advisers LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,421 shares of the transportation company's stock, valued at approximately $4,469,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new position in Expeditors International of Washington during the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the 4th quarter valued at $32,000. Finally, Geneos Wealth Management Inc. lifted its position in Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company's stock worth $34,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target on the stock in a report on Wednesday, August 5th. Zacks Research raised Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Barclays upped their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 5th. Finally, Bank of America raised their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $168.78.
Read Our Latest Stock Report on EXPD
Expeditors International of Washington Stock Up 0.1%
Shares of Expeditors International of Washington stock opened at $186.65 on Friday. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 5.00 and a beta of 1.04. The company's fifty day moving average is $172.59 and its 200 day moving average is $158.55. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $189.99.
Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.
Expeditors International of Washington Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Expeditors International of Washington, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expeditors International of Washington wasn't on the list.
While Expeditors International of Washington currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
