5,381 Shares in Expeditors International of Washington, Inc. $EXPD Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,381 shares of the transportation company’s stock, valued at approximately $877,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB boosted its holdings in Expeditors International of Washington by 153.5% in the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after acquiring an additional 17,969 shares during the last quarter. Arjuna Capital increased its position in Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after purchasing an additional 6,471 shares during the period. Forsta AP Fonden raised its holdings in Expeditors International of Washington by 81.4% during the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock worth $13,351,000 after purchasing an additional 40,200 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $32,004,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $65,957,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $187.83 on Monday. The firm has a market cap of $24.42 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $189.99. The business’s 50 day moving average price is $173.01 and its two-hundred day moving average price is $158.72.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. Research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXPD shares. Barclays upped their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday, August 5th. UBS Group boosted their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Susquehanna upped their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Truist Financial increased their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Company 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.