Legal & General Group Plc Purchases Shares of 769,388 Expeditors International of Washington, Inc. $EXPD

Legal & General Group Plc purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent filing with the SEC. The firm purchased 769,388 shares of the transportation company’s stock, valued at approximately $125,395,000. Legal & General Group Plc owned 0.59% of Expeditors International of Washington at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $10,985,000. Jones Financial Companies Lllp bought a new stake in Expeditors International of Washington in the second quarter worth approximately $88,000. Front Street Capital Management Inc. acquired a new position in Expeditors International of Washington in the second quarter valued at approximately $1,358,000. Manning & Napier Advisors LLC acquired a new position in Expeditors International of Washington in the second quarter valued at approximately $541,000. Finally, Aberdeen Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $307,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $190.61 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $191.79. The business’s 50 day simple moving average is $175.18 and its two-hundred day simple moving average is $159.43. The firm has a market cap of $24.78 billion, a P/E ratio of 33.32, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.69 by $0.34. 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 prior year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. TD Cowen boosted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. UBS Group increased their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Two investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.78.

About Expeditors International of Washington

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.