7,511 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Inceptionr LLC

Key Points

• Inceptionr LLC acquired a new stake of 7,511 shares in Expeditors International (NASDAQ:EXPD) during Q3, valued at approximately $921,000.
• Institutional ownership is very high at 94.02%, with major funds like Loomis Sayles, First Trust, Baird, Dimensional and JPMorgan increasing their stakes.
• Analysts are mixed — MarketBeat shows an average rating of "Reduce" (2 Buy / 6 Hold / 4 Sell) with an average price target of $134.30; shares trade near $145, and the company slightly beat EPS expectations ($1.49 vs. $1.46) while revenue fell 3.3% year-over-year.

Inceptionr LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,511 shares of the transportation company's stock, valued at approximately $921,000.

Other large investors have also bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company's stock worth $656,363,000 after acquiring an additional 83,366 shares during the period. First Trust Advisors LP raised its stake in Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company's stock valued at $237,337,000 after acquiring an additional 335,578 shares during the period. Baird Financial Group Inc. lifted its holdings in Expeditors International of Washington by 5.0% during the second quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company's stock valued at $221,339,000 after purchasing an additional 92,222 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Expeditors International of Washington by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company's stock worth $177,923,000 after purchasing an additional 37,390 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Expeditors International of Washington by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 1,112,648 shares of the transportation company's stock worth $136,403,000 after purchasing an additional 91,759 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EXPD shares. Zacks Research downgraded shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 14th. Truist Financial dropped their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, February 25th. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Morgan Stanley boosted their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an "underweight" rating in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of "Reduce" and an average price target of $134.30.

Expeditors International of Washington Trading Down 1.1%

Shares of Expeditors International of Washington stock opened at $145.25 on Tuesday. The company's 50-day moving average price is $154.83 and its 200-day moving average price is $139.86. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $167.19. The company has a market cap of $19.39 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate 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%. The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 earnings per share. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

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.

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