Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by FCF Advisors LLC

Posted by MarketBeat News on Sep 29th, 2023

FCF Advisors LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,080 shares of the transportation company’s stock after buying an additional 1,509 shares during the quarter. FCF Advisors LLC’s holdings in Expeditors International of Washington were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its position in shares of Expeditors International of Washington by 53.8% during the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after acquiring an additional 92 shares during the last quarter. Clear Street Markets LLC increased its stake in shares of Expeditors International of Washington by 95.0% in the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 153 shares during the period. Covestor Ltd increased its stake in Expeditors International of Washington by 103.6% during the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after buying an additional 174 shares during the period. Raleigh Capital Management Inc. raised its holdings in Expeditors International of Washington by 36.9% during the first quarter. Raleigh Capital Management Inc. now owns 345 shares of the transportation company’s stock worth $38,000 after purchasing an additional 93 shares in the last quarter. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth $46,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Susquehanna upped their price target on Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a report on Monday, August 14th. JPMorgan Chase & Co. initiated coverage on Expeditors International of Washington in a research report on Friday, August 11th. They set an “underweight” rating and a $110.00 target price for the company. Stifel Nicolaus increased their price target on Expeditors International of Washington from $99.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Finally, Stephens raised their price objective on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.18.

Want More Great Investing Ideas?

Read Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Stock Up 0.9 %

EXPD stock traded up $1.00 during midday trading on Friday, reaching $115.40. 27,971 shares of the company’s stock traded hands, compared to its average volume of 1,200,131. Expeditors International of Washington, Inc. has a 52 week low of $86.12 and a 52 week high of $128.04. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 17.15 and a beta of 1.02. The firm’s fifty day moving average price is $118.16 and its 200-day moving average price is $115.24.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.65 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 34.31%. The business’s revenue was down 51.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.27 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 5.36 earnings per share for the current year.

About Expeditors International of Washington

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.