ORG Partners LLC Has $106,000 Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ORG Partners LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 69.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 803 shares of the transportation company’s stock after selling 1,799 shares during the quarter. ORG Partners LLC’s holdings in Expeditors International of Washington were worth $106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 in the last quarter. HighPoint Advisor Group LLC bought a new position in Expeditors International of Washington during the fourth quarter worth about $205,000. CWM LLC grew 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 acquiring an additional 772 shares during the period. Czech National Bank increased its holdings in shares of Expeditors International of Washington by 0.5% in 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 in the last quarter. Finally, Cooper Financial Group acquired a new stake in shares of Expeditors International of Washington during the first quarter worth about $458,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXPD. Robert W. Baird boosted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price objective for the company from $112.00 to $106.00 in a research report on Monday. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $121.32 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.59. The company has a market cap of $17.14 billion, a P/E ratio of 25.70, a P/E/G ratio of 5.51 and a beta of 0.97. The stock’s 50-day simple moving average is $122.66 and its 200 day simple moving average is $120.98.

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

About Expeditors International of Washington

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.