Southeast Asset Advisors Inc. increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,840 shares of the transportation company’s stock after acquiring an additional 3,360 shares during the period. Southeast Asset Advisors Inc.’s holdings in Expeditors International of Washington were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EXPD. AHL Partners LLP increased its holdings in Expeditors International of Washington by 187.1% in the 2nd quarter. AHL Partners LLP now owns 119,542 shares of the transportation company’s stock worth $6,751,000 after purchasing an additional 77,900 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Expeditors International of Washington during the second quarter valued at about $1,993,000. HighTower Advisors LLC boosted its stake in shares of Expeditors International of Washington by 0.5% during the second quarter. HighTower Advisors LLC now owns 82,228 shares of the transportation company’s stock valued at $4,663,000 after purchasing an additional 416 shares in the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Expeditors International of Washington by 0.7% during the second quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock valued at $752,000 after purchasing an additional 97 shares in the last quarter. Finally, QS Investors LLC boosted its stake in shares of Expeditors International of Washington by 10.9% during the second quarter. QS Investors LLC now owns 9,109 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 896 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

EXPD has been the topic of several research reports. Stifel Nicolaus restated a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company reiterated a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Barclays PLC lifted their price target on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $57.00.

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Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) traded up 0.07% on Wednesday, hitting $60.28. 309,560 shares of the stock were exchanged. The company has a 50 day moving average of $56.96 and a 200 day moving average of $56.20. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 26.10 and a beta of 0.68. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $60.47.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. Expeditors International of Washington’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Equities research analysts forecast that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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