1,821 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,821 shares of the transportation company’s stock, valued at approximately $239,000.

Several other hedge funds also recently added to or reduced their stakes in EXPD. Wellington Management Group LLP increased its stake in Expeditors International of Washington by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at approximately $205,000. CWM LLC increased its stake in Expeditors International of Washington by 8.8% in the first quarter. CWM LLC now owns 9,520 shares of the transportation company’s stock valued at $1,157,000 after purchasing an additional 772 shares during the last quarter. Czech National Bank grew its position in shares of Expeditors International of Washington by 0.5% during the first quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock worth $3,110,000 after acquiring an additional 117 shares during the last quarter. Finally, Cooper Financial Group purchased a new position in shares of Expeditors International of Washington during the first quarter worth approximately $458,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPD has been the topic of a number of research reports. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Robert W. Baird raised their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. TD Cowen lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the stock from $112.00 to $106.00 in a research report on Monday. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Bank of America increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $122.14 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59. The business has a fifty day moving average of $122.56 and a two-hundred day moving average of $120.98. The company has a market cap of $17.25 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business posted $1.30 EPS. Expeditors International of Washington’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current 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.