Capital Fund Management S.A. Raises Holdings in Expeditors International of Washington, Inc. $EXPD

Capital Fund Management S.A. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.7% during the 3rd quarter, Holdings Channel reports. The fund owned 95,511 shares of the transportation company’s stock after purchasing an additional 18,937 shares during the quarter. Capital Fund Management S.A.’s holdings in Expeditors International of Washington were worth $11,709,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXPD. Vermillion & White Wealth Management Group LLC lifted its holdings in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $43,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $43,000. MUFG Securities EMEA plc purchased a new position in shares of Expeditors International of Washington during the 2nd quarter valued at approximately $47,000. Finally, Root Financial Partners LLC purchased a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $74,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price target for the stock from $138.00 to $166.00 in a report on Monday, November 17th. Barclays lifted their price objective 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. Susquehanna lowered their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Finally, Morgan Stanley lifted their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $142.20 on Friday. The firm has a market cap of $18.98 billion, a PE ratio of 24.86, a PEG ratio of 5.00 and a beta of 1.15. The firm has a fifty day moving average of $154.34 and a 200 day moving average of $140.03. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19.

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, topping 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%. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Expeditors International of Washington’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

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.