B. Riley Wealth Advisors Inc. Sells 483 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

B. Riley Wealth Advisors Inc. reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,434 shares of the transportation company’s stock after selling 483 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Expeditors International of Washington were worth $304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. D. E. Shaw & Co. Inc. boosted its position in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after purchasing an additional 349,362 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Expeditors International of Washington by 26.3% in the 1st quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock valued at $133,116,000 after acquiring an additional 227,816 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Expeditors International of Washington by 16.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after acquiring an additional 227,671 shares during the period. Confluence Investment Management LLC bought a new position in Expeditors International of Washington during the first quarter worth $23,178,000. Finally, Squarepoint Ops LLC grew its holdings in Expeditors International of Washington by 4,581.9% in the second quarter. Squarepoint Ops LLC now owns 184,606 shares of the transportation company’s stock worth $23,037,000 after purchasing an additional 180,663 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America upped their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, Robert W. Baird upped their target price 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 nine 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 $116.00.

Expeditors International of Washington Stock Up 1.3 %

Shares of NASDAQ:EXPD opened at $121.43 on Wednesday. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 5.71 and a beta of 0.97. The business’s 50 day moving average is $122.72 and its 200 day moving average is $120.95. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results 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 return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.