25,384 Shares in Expeditors International of Washington (NASDAQ:EXPD) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of Expeditors International of Washington (NASDAQ:EXPD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,384 shares of the transportation company’s stock, valued at approximately $1,934,000.

Several other hedge funds have also recently modified their holdings of EXPD. Rational Advisors LLC purchased a new stake in Expeditors International of Washington in the first quarter valued at $30,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter valued at about $33,000. Lenox Wealth Management Inc. raised its holdings in shares of Expeditors International of Washington by 98.9% in the second quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock valued at $43,000 after buying an additional 282 shares during the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $55,000. Finally, FinTrust Capital Advisors LLC raised its holdings in shares of Expeditors International of Washington by 457.8% in the second quarter. FinTrust Capital Advisors LLC now owns 926 shares of the transportation company’s stock valued at $70,000 after buying an additional 760 shares during the last quarter. Hedge funds and other institutional investors own 91.78% of the company’s stock.

A number of brokerages have recently commented on EXPD. Loop Capital began coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They issued a “hold” rating and a $78.00 target price for the company. UBS Group set a $67.00 target price on shares of Expeditors International of Washington and gave the company a “sell” rating in a report on Wednesday, August 7th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a report on Wednesday, July 10th. They issued a “sell” rating and a $70.00 target price for the company. Finally, Cowen reaffirmed a “hold” rating and issued a $79.00 target price on shares of Expeditors International of Washington in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $73.00.

EXPD traded down $0.16 on Thursday, hitting $70.04. 80,072 shares of the company were exchanged, compared to its average volume of 1,023,768. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average price of $74.21. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 20.16 and a beta of 0.90.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Expeditors International of Washington will post 3.52 earnings per share for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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