Expeditors International of Washington, Inc. $EXPD Stock: Wedbush Securities Inc. Grows Holdings

Wedbush Securities Inc. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 147.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,429 shares of the transportation company’s stock after purchasing an additional 12,159 shares during the period. Wedbush Securities Inc.’s holdings in Expeditors International of Washington were worth $3,772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Compass Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $27,000. Fortitude Family Office LLC grew its holdings in Expeditors International of Washington by 76.0% during the third quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock worth $32,000 after buying an additional 76 shares in the last quarter. Hara Capital LLC bought a new stake in Expeditors International of Washington during the second quarter worth $33,000. Continuum Advisory LLC purchased a new stake in Expeditors International of Washington in the 2nd quarter valued at $33,000. Finally, Ninety One UK Ltd purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $43,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent analyst reports. UBS Group raised their price objective on Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Bank of America increased their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, BNP Paribas Exane initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $175.27.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $196.38 on Friday. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52 week low of $117.45 and a 52 week high of $200.66. The firm’s 50-day simple moving average is $190.66 and its two-hundred day simple moving average is $172.28.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results 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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.34 earnings per share. The firm’s revenue was up 32.1% compared to the same quarter last year. Analysts forecast 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, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.