Portfolio Design Labs LLC Buys Shares of 7,296 Expeditors International of Washington, Inc. $EXPD

Portfolio Design Labs LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,296 shares of the transportation company’s stock, valued at approximately $1,189,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the fourth quarter valued at about $32,000. Finally, Hara Capital LLC acquired a new position in Expeditors International of Washington during the second quarter worth about $33,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.1%

Shares of NASDAQ EXPD opened at $186.65 on Friday. The company has a market capitalization of $24.26 billion, a PE ratio of 32.63, a PEG ratio of 5.00 and a beta of 1.04. The stock’s 50 day moving average price is $172.59 and its 200-day moving average price is $158.55. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. As a group, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. TD Cowen raised their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a report on Wednesday, August 5th. Finally, UBS Group raised their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $168.78.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.