Choreo LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) 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.
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.
View Our Latest Research Report on Expeditors International of Washington
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.
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