Legacy Financial Advisors Inc. Buys 402 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Legacy Financial Advisors Inc. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,174 shares of the transportation company’s stock after purchasing an additional 402 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Expeditors International of Washington were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EXPD. Prudential PLC raised its holdings in shares of Expeditors International of Washington by 80.5% in the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after purchasing an additional 39,321 shares during the period. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $2,954,000. Banco Santander S.A. boosted its stake in shares of Expeditors International of Washington by 141.0% during the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after acquiring an additional 52,603 shares during the period. Magnetar Financial LLC bought a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $1,305,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after acquiring an additional 70,329 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Robert W. Baird increased their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Stock Performance

EXPD opened at $123.18 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The firm has a market cap of $17.40 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The business’s fifty day moving average is $122.00 and its 200-day moving average is $120.50.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Expeditors International of Washington 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.