Simplicity Wealth LLC Buys New Position in Expeditors International of Washington, Inc. $EXPD

Simplicity Wealth LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,822 shares of the transportation company’s stock, valued at approximately $623,000.

Other hedge funds also recently modified their holdings of the company. Rossby Financial LCC lifted its stake in shares of Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the period. Claro Advisors Inc. grew its stake in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after acquiring an additional 83 shares during the period. Hardy Reed LLC raised its holdings in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after purchasing an additional 96 shares during the period. Finally, Nicollet Investment Management Inc. lifted its stake in shares of Expeditors International of Washington by 0.9% during the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after purchasing an additional 98 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 1.3%

Shares of NASDAQ EXPD opened at $188.60 on Tuesday. The company has a market cap of $24.52 billion, a P/E ratio of 32.97, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $189.99. The stock has a fifty day moving average price of $171.34 and a 200 day moving average price of $158.01.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The business’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXPD. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research report on Wednesday, August 5th. Barclays increased their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Bank of America increased their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $168.78.

Read Our Latest Analysis on Expeditors International of Washington

About Expeditors International of Washington

(Free Report)

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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