Marks Group Wealth Management Inc Trims Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marks Group Wealth Management Inc cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 27.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,596 shares of the transportation company’s stock after selling 14,517 shares during the period. Marks Group Wealth Management Inc’s holdings in Expeditors International of Washington were worth $4,940,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Black Diamond Financial LLC grew its holdings in Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after buying an additional 104 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised 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 buying an additional 106 shares during the last quarter. Finally, Values First Advisors Inc. increased its position in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after acquiring an additional 112 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on EXPD shares. Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.56.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $121.91 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The company has a market cap of $17.21 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. The firm has a 50-day simple moving average of $122.57 and a two-hundred day simple moving average of $121.24.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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 business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington 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.