17,101 Shares in Expeditors International of Washington, Inc. $EXPD Bought by Plato Investment Management Ltd

Key Points

• Plato Investment Management bought a new 17,101-share stake in Expeditors International of Washington valued at approximately $2.77 million. Institutional investors collectively own 94.02% of the company.
• Analysts maintain a mixed outlook, with the stock receiving an overall “Hold” rating and an average price target of $168.78; recent targets range from $156 to $176.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Shares opened at $186.38, near their 52-week high of $189.87.

Plato Investment Management Ltd bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,101 shares of the transportation company's stock, valued at approximately $2,771,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swedbank AB grew its position in shares of Expeditors International of Washington by 153.5% during the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company's stock worth $4,422,000 after buying an additional 17,969 shares in the last quarter. Arjuna Capital raised its holdings in Expeditors International of Washington by 37.0% in the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company's stock valued at $3,567,000 after acquiring an additional 6,471 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Expeditors International of Washington by 128.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company's stock valued at $10,507,000 after acquiring an additional 39,658 shares in the last quarter. Forsta AP Fonden boosted its stake 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 valued at $13,351,000 after acquiring an additional 40,200 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Expeditors International of Washington during the 4th quarter valued at $32,004,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EXPD shares. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Barclays lifted their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Susquehanna upped their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Truist Financial increased their target price 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. Finally, TD Cowen increased their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $168.78.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $186.38 on Monday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $189.87. The firm's 50-day moving average is $170.83 and its 200-day moving average is $157.79. The company has a market cap of $24.23 billion, a P/E ratio of 32.58, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current 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.

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