Caprock Group LLC Takes Position in Expeditors International of Washington, Inc. $EXPD

Caprock Group LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, Holdings Channel reports. The firm acquired 5,667 shares of the transportation company’s stock, valued at approximately $683,000.

A number of other hedge funds also recently added to or reduced their stakes in EXPD. Rhumbline Advisers boosted its position in Expeditors International of Washington by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 308,987 shares of the transportation company’s stock valued at $37,879,000 after buying an additional 4,146 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Expeditors International of Washington by 6.4% in the third quarter. Stratos Wealth Partners LTD. now owns 2,168 shares of the transportation company’s stock valued at $266,000 after acquiring an additional 131 shares in the last quarter. MQS Management LLC purchased a new position in Expeditors International of Washington in the third quarter valued at $284,000. Legacy Financial Strategies LLC grew its stake in Expeditors International of Washington by 3.7% during the 3rd quarter. Legacy Financial Strategies LLC now owns 23,478 shares of the transportation company’s stock worth $2,878,000 after purchasing an additional 846 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in Expeditors International of Washington by 0.4% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 56,587 shares of the transportation company’s stock worth $6,937,000 after purchasing an additional 243 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 4.1%

EXPD opened at $146.27 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19. The business’s 50 day moving average is $156.19 and its two-hundred day moving average is $136.89. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

Analyst Upgrades and Downgrades

EXPD has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Finally, Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $134.10.

Expeditors International of Washington 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.