State of Wyoming Purchases New Holdings in Expeditors International of Washington, Inc. $EXPD

State of Wyoming acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,629 shares of the transportation company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington in the 4th quarter valued at $32,000. Finally, Geneos Wealth Management Inc. increased its stake in Expeditors International of Washington by 132.3% in the 4th 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. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on EXPD shares. Barclays upped their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Susquehanna boosted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Bank of America lifted their price objective on 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, UBS Group boosted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $186.38 on Monday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $189.87. The stock has a fifty day moving average price of $170.83 and a two-hundred day moving average price of $157.79. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping 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%. During the same quarter last year, the company posted $1.34 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. On average, analysts predict 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.