Lmcg Investments LLC Has $4.05 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Lmcg Investments LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,804 shares of the transportation company’s stock after selling 553 shares during the period. Lmcg Investments LLC’s holdings in Expeditors International of Washington were worth $4,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EXPD. D. E. Shaw & Co. Inc. raised its holdings in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after purchasing an additional 308,390 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after purchasing an additional 265,111 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Expeditors International of Washington by 140.2% in the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after purchasing an additional 256,317 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Expeditors International of Washington by 26.3% in the first quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock valued at $133,116,000 after purchasing an additional 227,816 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $0.06 on Friday, reaching $119.06. 1,247,352 shares of the company’s stock were exchanged, compared to its average volume of 1,206,550. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 5.05 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 has a fifty day simple moving average of $122.62 and a 200-day simple moving average of $121.11.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS 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 firm 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 business posted $1.30 earnings per share. Expeditors International of Washington’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $115.33.

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.