Belpointe Asset Management LLC Purchases 401 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Oct 30th, 2022

Belpointe Asset Management LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 33.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,610 shares of the transportation company’s stock after purchasing an additional 401 shares during the quarter. Belpointe Asset Management LLC’s holdings in Expeditors International of Washington were worth $156,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in shares of Expeditors International of Washington by 23.5% in the first quarter. Exchange Traded Concepts LLC now owns 3,953 shares of the transportation company’s stock worth $408,000 after acquiring an additional 753 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Expeditors International of Washington by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 317,538 shares of the transportation company’s stock worth $32,757,000 after acquiring an additional 1,131 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Expeditors International of Washington by 15.0% in the first quarter. AE Wealth Management LLC now owns 5,176 shares of the transportation company’s stock worth $534,000 after acquiring an additional 674 shares during the last quarter. Clear Street Markets LLC grew its stake in shares of Expeditors International of Washington by 400.0% in the second quarter. Clear Street Markets LLC now owns 350 shares of the transportation company’s stock worth $34,000 after acquiring an additional 280 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Expeditors International of Washington by 50.1% in the first quarter. Crossmark Global Holdings Inc. now owns 27,505 shares of the transportation company’s stock worth $2,838,000 after acquiring an additional 9,180 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $97.88 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $86.08 and a fifty-two week high of $137.80. The business’s 50-day moving average is $95.68 and its two-hundred day moving average is $100.08. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 10.79 and a beta of 0.91.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its earnings results on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.18. Expeditors International of Washington had a return on equity of 42.95% and a net margin of 8.09%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. Expeditors International of Washington’s revenue was up 27.5% on a year-over-year basis. Equities analysts predict that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXPD. StockNews.com began coverage on Expeditors International of Washington in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company cut their target price on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, July 15th. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Morgan Stanley dropped their price objective on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating on the stock in a research report on Monday, October 3rd. Finally, Barclays dropped their price objective on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, October 13th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.75.

Expeditors International of Washington Company Profile

(Get Rating)

Expeditors International of Washington, Inc 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.