Ancora Advisors LLC Buys Shares of 14,600 Expeditors International of Washington, Inc. $EXPD

Ancora Advisors LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,600 shares of the transportation company's stock, valued at approximately $2,379,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB grew its holdings in shares of Expeditors International of Washington by 153.5% in the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company's stock worth $4,422,000 after purchasing an additional 17,969 shares during the last quarter. Arjuna Capital lifted its holdings in Expeditors International of Washington by 37.0% in the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company's stock worth $3,567,000 after buying an additional 6,471 shares during the period. Forsta AP Fonden boosted its position in shares of Expeditors International of Washington by 81.4% during the fourth quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company's stock valued at $13,351,000 after purchasing an additional 40,200 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Expeditors International of Washington during the fourth quarter worth about $32,004,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $65,957,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $190.27 on Thursday. The company has a market capitalization of $24.73 billion, a P/E ratio of 33.26, a P/E/G ratio of 5.00 and a beta of 1.04. The stock has a 50 day moving average price of $174.59 and a 200-day moving average price of $159.26. Expeditors International of Washington, Inc. has a one year low of $112.94 and a one year high of $191.79.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the firm posted $1.34 EPS. The firm's revenue was up 32.1% on a year-over-year basis. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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 research note on Wednesday, August 5th. Stephens raised Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Bank of America boosted their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Barclays increased their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Finally, Susquehanna increased their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $168.78.

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.

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