SkyView Investment Advisors LLC Acquires 603 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SkyView Investment Advisors LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,144 shares of the transportation company’s stock after acquiring an additional 603 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $642,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Black Diamond Financial LLC boosted its holdings in Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares in the last quarter. Cape ANN Savings Bank increased its holdings in shares of Expeditors International of Washington by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after acquiring an additional 95 shares during the last quarter. SkyOak Wealth LLC raised its stake in shares of Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 95 shares in the last quarter. Blair William & Co. IL lifted its holdings in Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Expeditors International of Washington by 0.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after purchasing an additional 106 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $128.93 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a market cap of $18.21 billion, a PE ratio of 27.32, a PEG ratio of 5.71 and a beta of 0.97. The firm has a 50-day simple moving average of $122.71 and a 200 day simple moving average of $120.71.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXPD. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Finally, Bank of America lifted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $116.00.

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.