Cetera Investment Advisers Cuts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cetera Investment Advisers cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,012 shares of the transportation company’s stock after selling 573 shares during the period. Cetera Investment Advisers’ holdings in Expeditors International of Washington were worth $1,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at $35,000. ORG Partners LLC lifted its position in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America upped their price target on 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 raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the company from $112.00 to $106.00 in a report on Monday. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.33.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $122.14 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59. The company has a 50-day simple moving average of $122.56 and a 200-day simple moving average of $120.98. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $1.30 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS 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.