Raymond James & Associates Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James & Associates grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,813 shares of the transportation company's stock after purchasing an additional 6,014 shares during the quarter. Raymond James & Associates owned approximately 0.19% of Expeditors International of Washington worth $36,110,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $25,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $35,000. ORG Partners LLC increased its stake in Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock worth $51,000 after purchasing an additional 376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $52,000. Institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXPD shares. Robert W. Baird increased their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen cut shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, Bank of America lifted their price objective 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. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $115.33.

Expeditors International of Washington Stock Up 0.0 %

Shares of Expeditors International of Washington stock traded up $0.04 during trading on Thursday, reaching $119.54. The company's stock had a trading volume of 826,978 shares, compared to its average volume of 1,210,621. The business's 50-day moving average price is $122.87 and its 200-day moving average price is $121.08. The firm has a market cap of $16.89 billion, a PE ratio of 25.29, a P/E/G ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.