Evolve Private Wealth LLC Acquires New Shares in Expeditors International of Washington, Inc. $EXPD

Evolve Private Wealth LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,654 shares of the transportation company’s stock, valued at approximately $3,855,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC lifted its holdings in Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. raised its position in shares of Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares during the period. Hardy Reed LLC lifted its stake in shares of Expeditors International of Washington by 2.8% in the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Expeditors International of Washington by 5.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after buying an additional 96 shares during the last quarter. Finally, Nicollet Investment Management Inc. boosted its holdings in shares of Expeditors International of Washington by 0.9% during the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after buying an additional 98 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Truist Financial lifted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. UBS Group boosted their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Bank of America increased their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two investment 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 stock. 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 Stock Performance

Shares of EXPD stock opened at $187.83 on Friday. The firm has a fifty day moving average of $173.01 and a 200-day moving average of $158.75. The stock has a market cap of $24.42 billion, a price-to-earnings 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 52-week low of $112.94 and a 52-week high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business earned $1.34 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Company 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.