Amundi Has $170.78 Million Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Amundi reduced its Expeditors International position by 24.3% in the second quarter, selling 336,498 shares and retaining 1,047,849 shares worth approximately $170.78 million, or 0.81% of the company.
• Institutional ownership remains high at 94.02%, while several other funds increased their holdings during the first and second quarters.
• Expeditors exceeded quarterly earnings expectations with EPS of $2.03 versus the $1.69 consensus, while revenue rose 32.1% year over year. Analysts’ average rating is “Hold,” with a consensus price target of $168.78.

Amundi cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 24.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,047,849 shares of the transportation company's stock after selling 336,498 shares during the quarter. Amundi owned 0.81% of Expeditors International of Washington worth $170,778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company's stock worth $1,944,000 after acquiring an additional 623 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company's stock valued at $279,000 after acquiring an additional 999 shares during the last quarter. Woodline Partners LP increased its position in Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company's stock valued at $1,422,000 after purchasing an additional 3,420 shares during the period. Focus Partners Wealth increased its position in Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company's stock valued at $628,000 after purchasing an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company's stock worth $127,000 after purchasing an additional 255 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXPD shares. Bank of America upped their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a report on Wednesday, July 8th. UBS Group increased their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Truist Financial lifted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price objective on the stock in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $168.78.

Expeditors International of Washington Price Performance

EXPD stock opened at $186.05 on Wednesday. The company's 50-day moving average is $179.43 and its 200-day moving average is $161.47. The stock has a market capitalization of $24.18 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates 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 company posted $1.34 EPS. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal 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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