Saudi Central Bank Acquires 4,362 Shares of Expeditors International of Washington, Inc. $EXPD

Saudi Central Bank raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 88.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,309 shares of the transportation company’s stock after purchasing an additional 4,362 shares during the quarter. Saudi Central Bank’s holdings in Expeditors International of Washington were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Rossby Financial LCC grew its position in Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after acquiring an additional 80 shares in the last quarter. Claro Advisors Inc. lifted its position in Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC boosted its stake in Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares during the period. Meeder Advisory Services Inc. increased its position in Expeditors International of Washington by 5.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares during the last quarter. Finally, Nicollet Investment Management Inc. lifted its holdings in shares of Expeditors International of Washington by 0.9% in the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after acquiring an additional 98 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 1.5%

Shares of EXPD stock opened at $186.05 on Wednesday. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $192.28. The stock has a fifty day simple moving average of $179.43 and a two-hundred day simple moving average of $161.47. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share 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 period in the prior year, the company earned $1.34 earnings per share. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. 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 research firms recently weighed in on EXPD. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Bank of America lifted their target price on 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. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.