GHP Investment Advisors Inc. Purchases 1,647 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

GHP Investment Advisors Inc. grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,450 shares of the transportation company’s stock after buying an additional 1,647 shares during the period. GHP Investment Advisors Inc. owned approximately 0.06% of Expeditors International of Washington worth $10,834,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the first quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington during the second quarter worth $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $35,000. ORG Partners LLC lifted its position in Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the 2nd quarter worth $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXPD. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America boosted their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note 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. TD Cowen lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price objective for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $115.33.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.26 on Friday, hitting $119.84. 601,556 shares of the stock were exchanged, compared to its average volume of 1,207,679. The company has a market capitalization of $16.93 billion, a PE ratio of 25.39, a P/E/G ratio of 5.51 and a beta of 0.97. The business’s fifty day moving average is $122.86 and its 200 day moving average is $121.08. 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) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company posted $1.30 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post 5.01 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.