Sequoia Financial Advisors LLC Has $361,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sequoia Financial Advisors LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,744 shares of the transportation company’s stock after acquiring an additional 178 shares during the period. Sequoia Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Black Diamond Financial LLC raised its holdings in shares of Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after buying an additional 89 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after buying an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after buying an additional 104 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Expeditors International of Washington by 0.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after purchasing an additional 106 shares in the last quarter. Finally, Values First Advisors Inc. increased its holdings in Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.3 %

NASDAQ EXPD opened at $120.16 on Tuesday. The business’s 50-day moving average price is $122.84 and its two-hundred day moving average price is $121.11. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The firm has a market capitalization of $16.96 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. 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 previous year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. Robert W. Baird upped their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America upped their target price 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. TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.33.

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.