Sanctuary Advisors LLC Acquires New Stake in Expeditors International of Washington, Inc. $EXPD

Sanctuary Advisors LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,892 shares of the transportation company’s stock, valued at approximately $5,361,000.

Several other institutional investors have also added to or reduced their stakes in EXPD. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington during the fourth quarter worth $32,000. Finally, Hara Capital LLC bought a new position in Expeditors International of Washington during the second quarter worth $33,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 0.1%

Expeditors International of Washington stock opened at $187.92 on Tuesday. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm’s fifty day moving average price is $173.50 and its two-hundred day moving average price is $158.90. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

EXPD has been the topic of several research analyst reports. Susquehanna upped their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial lifted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a research note on Wednesday, August 5th. UBS Group increased their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, TD Cowen raised their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.