Thoroughbred Financial Services LLC Invests $583,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Thoroughbred Financial Services LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,676 shares of the transportation company’s stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. grew its stake in shares of Expeditors International of Washington by 3.7% in the second quarter. GHP Investment Advisors Inc. now owns 80,803 shares of the transportation company’s stock worth $10,083,000 after acquiring an additional 2,898 shares during the period. Vest Financial LLC raised its stake in Expeditors International of Washington by 34.3% during the 2nd quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock valued at $49,674,000 after buying an additional 101,710 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Expeditors International of Washington by 1.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 135,836 shares of the transportation company’s stock valued at $16,951,000 after buying an additional 2,419 shares during the period. American Century Companies Inc. boosted its stake in shares of Expeditors International of Washington by 13.1% in the 2nd quarter. American Century Companies Inc. now owns 208,181 shares of the transportation company’s stock worth $25,979,000 after buying an additional 24,114 shares during the last quarter. Finally, Studio Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 3.9% in the second quarter. Studio Investment Management LLC now owns 3,962 shares of the transportation company’s stock worth $494,000 after acquiring an additional 150 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.2 %

Shares of EXPD stock opened at $121.04 on Tuesday. The stock has a market cap of $17.10 billion, a P/E ratio of 25.64, a PEG ratio of 5.59 and a beta of 0.97. The company’s fifty day simple moving average is $121.72 and its two-hundred day simple moving average is $120.39. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business posted $1.30 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Robert W. Baird upped their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.00.

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.