Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15,046.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,873 shares of the transportation company’s stock after acquiring an additional 265,111 shares during the period. International Assets Investment Management LLC owned approximately 0.19% of Expeditors International of Washington worth $35,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Expeditors International of Washington by 24.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock worth $4,619,000 after acquiring an additional 7,540 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Expeditors International of Washington during the first quarter worth about $78,000. Denali Advisors LLC raised its position in shares of Expeditors International of Washington by 12.3% during the 1st quarter. Denali Advisors LLC now owns 4,609 shares of the transportation company’s stock worth $560,000 after purchasing an additional 504 shares during the last quarter. Norden Group LLC purchased a new position in Expeditors International of Washington in the 1st quarter valued at about $966,000. Finally, Van ECK Associates Corp boosted its holdings in Expeditors International of Washington by 5.9% in the 1st quarter. Van ECK Associates Corp now owns 33,329 shares of the transportation company’s stock worth $4,052,000 after buying an additional 1,848 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $120.16 on Tuesday. The firm has a 50 day simple moving average of $122.84 and a 200-day simple moving average of $121.11. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year 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 business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $1.30 EPS. Expeditors International of Washington’s revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

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.