Inceptionr LLC Makes New $921,000 Investment in Expeditors International of Washington, Inc. $EXPD

Inceptionr LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,511 shares of the transportation company’s stock, valued at approximately $921,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPD. Private Advisor Group LLC raised its stake in Expeditors International of Washington by 161.9% in the third quarter. Private Advisor Group LLC now owns 4,678 shares of the transportation company’s stock valued at $574,000 after purchasing an additional 2,892 shares in the last quarter. Vinva Investment Management Ltd bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth $746,000. Natixis Advisors LLC increased its holdings in shares of Expeditors International of Washington by 3.8% in the 3rd quarter. Natixis Advisors LLC now owns 612,576 shares of the transportation company’s stock worth $75,096,000 after buying an additional 22,356 shares during the last quarter. Korea Investment CORP raised its position in shares of Expeditors International of Washington by 28.0% during the 3rd quarter. Korea Investment CORP now owns 67,908 shares of the transportation company’s stock valued at $8,325,000 after buying an additional 14,855 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $275,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $145.25 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19. The firm has a 50-day moving average of $154.83 and a 200 day moving average of $139.86. The company has a market cap of $19.39 billion, a P/E ratio of 25.39, a PEG ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the business posted $1.68 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley boosted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Barclays upped their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Finally, Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $134.30.

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.