Choreo LLC Invests $347,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Choreo LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,865 shares of the transportation company’s stock, valued at approximately $347,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington in the first quarter worth $25,000. Optiver Holding B.V. bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth approximately $27,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Expeditors International of Washington in the second quarter worth approximately $52,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 2.2 %

Expeditors International of Washington stock opened at $123.70 on Wednesday. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 5.59 and a beta of 0.97. The firm has a 50 day moving average of $121.72 and a 200 day moving average of $120.39.

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). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analyst Ratings Changes

EXPD has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Bank of America increased their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.00.

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.