Allworth Financial LP Buys Shares of 6,695 Expeditors International of Washington, Inc. $EXPD

Key Points

• Allworth Financial LP acquired 6,695 shares of Expeditors International of Washington in the second quarter, valued at approximately $1.09 million. Institutional investors collectively own 94.02% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $168.78, despite several target increases and Stephens upgrading the stock to “strong buy.”
• Expeditors reported quarterly earnings of $2.03 per share, beating estimates of $1.69, while revenue increased 32.1% year over year. Shares opened at $187.83, near their 12-month high of $189.99.

Allworth Financial LP acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,695 shares of the transportation company's stock, valued at approximately $1,091,000.

Several other hedge funds also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth about $33,000. Finally, Bard Associates Inc. purchased a new position in Expeditors International of Washington in the 4th quarter worth about $32,000. Institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price objective for the company in a report on Wednesday, August 5th. Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Stephens raised shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, TD Cowen boosted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $168.78.

Expeditors International of Washington Trading Up 0.8%

Shares of Expeditors International of Washington stock opened at $187.83 on Friday. The stock's fifty day moving average price is $173.01 and its 200-day moving average price is $158.75. The firm has a market cap of $24.42 billion, a P/E ratio of 32.84, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates 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%. During the same period last year, the firm earned $1.34 earnings per share. The company's revenue was up 32.1% compared to the same quarter last year. Analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

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.

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