Expeditors International of Washington, Inc. $EXPD Shares Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 11.1% during the 3rd quarter, Holdings Channel reports. The fund owned 44,013 shares of the transportation company’s stock after buying an additional 4,382 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Expeditors International of Washington were worth $5,396,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares in the last quarter. Woodline Partners LP increased its stake in Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after purchasing an additional 3,420 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Expeditors International of Washington by 3.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 75,385 shares of the transportation company’s stock valued at $8,613,000 after acquiring an additional 2,560 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

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Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $138.52 on Wednesday. The firm’s 50-day simple moving average is $155.91 and its 200-day simple moving average is $138.23. 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 market cap of $18.56 billion, a P/E ratio of 24.22, a PEG ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. Analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Morgan Stanley upped their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Finally, Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $134.10.

Get Our Latest Analysis on EXPD

About Expeditors International of Washington

(Free Report)

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.

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

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