Studio Investment Management LLC Has $494,000 Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Studio Investment Management LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,962 shares of the transportation company’s stock after buying an additional 150 shares during the period. Studio Investment Management LLC’s holdings in Expeditors International of Washington were worth $494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in Expeditors International of Washington by 224.5% during the fourth quarter. Private Advisor Group LLC now owns 3,620 shares of the transportation company’s stock worth $460,000 after purchasing an additional 6,528 shares during the period. Principal Securities Inc. acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $176,000. BNP Paribas Financial Markets raised its holdings in Expeditors International of Washington by 71.9% in the 4th quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock valued at $29,009,000 after acquiring an additional 95,389 shares during the period. Dimensional Fund Advisors LP lifted its position in Expeditors International of Washington by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,470 shares of the transportation company’s stock worth $160,463,000 after acquiring an additional 72,193 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Expeditors International of Washington by 16.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,048 shares of the transportation company’s stock worth $260,000 after acquiring an additional 283 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $121.84 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The business has a fifty day moving average price of $121.83 and a two-hundred day moving average price of $120.32. The stock has a market capitalization of $17.21 billion, a PE ratio of 25.81, a PEG ratio of 5.50 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Wall Street Analyst Weigh In

EXPD has been the subject of several research reports. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America raised their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird boosted their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, Stifel Nicolaus boosted their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Company Profile

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.