3,000 Shares in Expeditors International of Washington, Inc. $EXPD Purchased by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the transportation company’s stock, valued at approximately $489,000.

A number of other large investors have also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the fourth quarter worth about $30,000. Hara Capital LLC bought a new position in Expeditors International of Washington in the second quarter worth $33,000. Finally, Bard Associates Inc. bought a new stake in Expeditors International of Washington during the fourth quarter worth about $32,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $188.90 on Wednesday. The stock’s 50-day moving average is $174.00 and its 200 day moving average is $159.07. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.99. The company has a market cap of $24.55 billion, a P/E ratio of 33.02, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Expeditors International of Washington’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America upped their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $154.00 to $158.00 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 report on Wednesday, August 5th. Finally, Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Two 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.