Creative Planning Has $364,000 Stake in Expeditors International of Washington, Inc. (EXPD)

Creative Planning raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 117.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,453 shares of the transportation company’s stock after buying an additional 3,479 shares during the period. Creative Planning’s holdings in Expeditors International of Washington were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. TrimTabs Asset Management LLC boosted its stake in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock valued at $117,000 after buying an additional 976 shares during the period. Mosaic Family Wealth LLC boosted its stake in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock valued at $138,000 after buying an additional 49 shares during the period. Van ECK Associates Corp boosted its stake in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after buying an additional 193 shares during the period. Pacer Advisors Inc. boosted its stake in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares during the last quarter. Finally, Barings LLC bought a new stake in Expeditors International of Washington during the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.09% during mid-day trading on Friday, reaching $54.87. 1,006,746 shares of the company’s stock traded hands. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 23.75 and a beta of 0.65. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $59.90. The firm’s 50 day moving average price is $57.47 and its 200-day moving average price is $55.80.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Equities research analysts forecast that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current year.

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A number of research firms have commented on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Cowen and Company restated a “market perform” rating and issued a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $55.80.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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