Soltis Investment Advisors LLC grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 149.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,720 shares of the transportation company’s stock after acquiring an additional 7,031 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of EXPD. Compass Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the third quarter worth approximately $27,000. Latitude Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth about $27,000. Fortitude Family Office LLC boosted its stake in shares of Expeditors International of Washington by 76.0% during the third quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock worth $32,000 after buying an additional 76 shares during the period. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $33,000. Finally, Continuum Advisory LLC purchased a new position in Expeditors International of Washington in the 2nd quarter valued at $33,000. 94.02% of the stock is owned by institutional investors and hedge funds.
Expeditors International of Washington Stock Down 0.1%
Shares of EXPD opened at $198.25 on Friday. The company has a 50-day simple moving average of $191.72 and a 200-day simple moving average of $167.05. The company has a market capitalization of $25.77 billion, a PE ratio of 34.66, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52-week low of $118.94 and a 52-week high of $200.66.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on EXPD. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. BNP Paribas Exane initiated coverage on Expeditors International of Washington in a research note on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price for the company. Robert W. Baird raised their price target on Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a research note on Monday, October 5th. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $175.27.
Check Out Our Latest Analysis on EXPD
About Expeditors International of Washington
Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.
Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.
Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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