Wealthfront Advisers LLC Acquires New Shares in Expeditors International of Washington, Inc. $EXPD

Wealthfront Advisers LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 27,421 shares of the transportation company’s stock, valued at approximately $4,469,000.

Other large investors have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several research reports. TD Cowen increased their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised 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. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Stock Performance

EXPD stock opened at $186.65 on Friday. The company’s fifty day moving average price is $172.59 and its 200-day moving average price is $158.55. Expeditors International of Washington, Inc. has a one year low of $112.94 and a one year high of $189.99. The company has a market capitalization of $24.26 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its 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 net margin of 7.64% and a return on equity of 36.16%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal 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.