Envestnet Asset Management Inc. Has $99.01 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Envestnet Asset Management Inc. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 793,390 shares of the transportation company’s stock after purchasing an additional 42,196 shares during the period. Envestnet Asset Management Inc.’s holdings in Expeditors International of Washington were worth $99,007,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First Trust Advisors LP grew its stake in Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares during the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $74,763,000. TD Asset Management Inc grew its position in shares of Expeditors International of Washington by 51.9% in the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after purchasing an additional 296,186 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Expeditors International of Washington during the first quarter worth approximately $23,178,000. Finally, UBS Group AG lifted its holdings in Expeditors International of Washington by 66.7% during the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock worth $55,644,000 after purchasing an additional 175,111 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $123.70 on Wednesday. The business has a fifty day moving average price of $121.72 and a two-hundred day moving average price of $120.39. The stock has a market capitalization of $17.47 billion, a PE ratio of 26.21, a PEG ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. Expeditors International of Washington’s quarterly revenue was up 8.9% compared to the same quarter last year. 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

Several research firms have weighed in on EXPD. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Bank of America increased their target price 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 lifted their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.00.

About Expeditors International of Washington

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.