Forum Financial Management LP Has $214,000 Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Forum Financial Management LP lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 70.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,631 shares of the transportation company’s stock after selling 3,878 shares during the period. Forum Financial Management LP’s holdings in Expeditors International of Washington were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $25,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $35,000. ORG Partners LLC lifted its stake in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington during the second quarter valued at $52,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $121.91 on Wednesday. The firm has a fifty day moving average price of $122.57 and a two-hundred day moving average price of $121.24. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 5.03 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $1.30 EPS. Expeditors International of Washington’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.04 EPS for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America increased their target price on shares of 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. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, TD Cowen lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their price objective for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.33.

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.