Wealth Enhancement Advisory Services LLC Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,832 shares of the transportation company's stock after acquiring an additional 20,042 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of Expeditors International of Washington worth $14,432,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its holdings in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock worth $51,089,000 after acquiring an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after purchasing an additional 308,390 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after purchasing an additional 265,111 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Expeditors International of Washington by 140.2% in the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company's stock worth $57,702,000 after purchasing an additional 256,317 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Expeditors International of Washington by 26.3% in the first quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company's stock worth $133,116,000 after purchasing an additional 227,816 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen cut shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and cut their target price for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Robert W. Baird raised their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a "neutral" rating in a research note 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 note on Wednesday, October 9th. Finally, UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus price target of $115.33.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $0.53 on Tuesday, reaching $119.55. The company's stock had a trading volume of 739,729 shares, compared to its average volume of 1,203,350. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.59. The company has a market cap of $16.87 billion, a P/E ratio of 25.65, a PEG ratio of 5.08 and a beta of 0.97. The company has a 50-day simple moving average of $122.83 and a 200 day simple moving average of $121.12.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $1.30 EPS. Expeditors International of Washington's revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 EPS for the current fiscal year.

Expeditors International of Washington Company 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.