1,659 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Accredited Investors Inc.

Accredited Investors Inc. purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,659 shares of the transportation company’s stock, valued at approximately $207,000.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP lifted its holdings in Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $74,763,000. TD Asset Management Inc grew its stake in Expeditors International of Washington by 51.9% in the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after buying an additional 296,186 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth $23,178,000. Finally, UBS Group AG boosted its stake in Expeditors International of Washington by 66.7% during the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after purchasing an additional 175,111 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.3 %

NASDAQ EXPD traded down $0.37 during trading hours on Tuesday, hitting $120.93. The company’s stock had a trading volume of 5,875 shares, compared to its average volume of 1,282,007. The stock has a fifty day moving average of $122.53 and a 200 day moving average of $120.48. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The firm has a market capitalization of $17.08 billion, a P/E ratio of 25.71, a PEG ratio of 5.39 and a beta of 0.98.

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 (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. On average, analysts predict that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, TD Cowen increased their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $116.00.

Insider Buying and Selling

In related news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by insiders.

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.