Deseret Mutual Benefit Administrators Has $194,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Deseret Mutual Benefit Administrators raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 31.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,557 shares of the transportation company’s stock after buying an additional 373 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Expeditors International of Washington were worth $194,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cape ANN Savings Bank raised its stake in shares of Expeditors International of Washington by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares in the last quarter. SkyOak Wealth LLC raised its position in Expeditors International of Washington by 3.9% during the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 95 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Expeditors International of Washington by 0.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after acquiring an additional 106 shares during the last quarter. Values First Advisors Inc. grew its position in Expeditors International of Washington by 0.7% in the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 112 shares in the last quarter. Finally, Czech National Bank increased its stake in shares of Expeditors International of Washington by 0.5% during the 1st quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock worth $3,110,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several analyst reports. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Robert W. Baird boosted their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Susquehanna boosted their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.00.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 1.4 %

EXPD traded down $1.76 on Thursday, hitting $123.44. 56,187 shares of the stock traded hands, compared to its average volume of 1,248,862. The business has a fifty day moving average price of $121.93 and a two-hundred day moving average price of $120.26. The firm has a market capitalization of $17.44 billion, a PE ratio of 26.54, a P/E/G ratio of 5.61 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.