Sanctuary Advisors LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Sanctuary Advisors LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 32,892 shares of the transportation company’s stock, valued at approximately $5,361,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $32,000. Finally, Hara Capital LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth about $33,000. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Bank of America boosted their price target 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 upped their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Finally, Susquehanna increased their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Trading Up 0.1%

Shares of NASDAQ EXPD opened at $187.92 on Tuesday. The firm has a market cap of $24.43 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The business’s 50 day moving average is $173.50 and its 200-day moving average is $158.90. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS 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.