Lake Street Advisors Group LLC Invests $209,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Lake Street Advisors Group LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, HoldingsChannel reports. The firm purchased 1,593 shares of the transportation company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently bought and sold shares of the business. Swedbank AB acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $2,954,000. Banco Santander S.A. grew its position in shares of Expeditors International of Washington by 141.0% in the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after purchasing an additional 52,603 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Expeditors International of Washington during the first quarter worth about $1,305,000. Assenagon Asset Management S.A. increased its stake in Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after buying an additional 70,329 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Expeditors International of Washington by 8.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,854 shares of the transportation company’s stock valued at $13,326,000 after acquiring an additional 8,917 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several research reports. Bank of America boosted their price target on 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. Robert W. Baird raised their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock 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. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Stock Up 0.2 %

NASDAQ:EXPD opened at $119.84 on Monday. The company has a market capitalization of $16.91 billion, a P/E ratio of 25.72, a P/E/G ratio of 5.08 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. The stock’s fifty day moving average is $122.86 and its two-hundred day moving average is $121.10.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share 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 company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $1.30 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

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.