Banco Santander S.A. Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banco Santander S.A. increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,450 shares of the transportation company’s stock after acquiring an additional 3,830 shares during the period. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $6,958,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EXPD. Delos Wealth Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $27,000. Riverview Trust Co bought a new position in Expeditors International of Washington in the first quarter worth approximately $28,000. Artemis Wealth Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $31,000. Sandy Cove Advisors LLC raised its position in shares of Expeditors International of Washington by 3,725.0% during the 1st quarter. Sandy Cove Advisors LLC now owns 306 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 298 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in shares of Expeditors International of Washington by 109.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 325 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 170 shares during the period. 92.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Cowen lifted their price objective on shares of Expeditors International of Washington from $111.00 to $125.00 in a research report on Thursday, May 5th. Wolfe Research downgraded shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Barclays dropped their target price on shares of Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.38.

Expeditors International of Washington Price Performance

EXPD opened at $103.53 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $92.58 and a 12 month high of $137.80. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 11.41 and a beta of 0.88. The business has a 50-day moving average of $100.45 and a two-hundred day moving average of $103.53.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.14. Expeditors International of Washington had a return on equity of 42.95% and a net margin of 8.09%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same period in the prior year, the company posted $1.84 EPS. The business’s revenue was up 27.5% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 7.71 earnings per share for the current year.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

Further Reading

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

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