Corient Private Wealth LP Acquires Shares of 49,364 Expeditors International of Washington, Inc. $EXPD

Key Points

• Corient Private Wealth LP acquired 49,364 shares of Expeditors International of Washington during the second quarter, valued at approximately $8.05 million. Institutional investors collectively own 94.02% of the company.
• Expeditors reported quarterly earnings of $2.03 per share, surpassing the $1.69 analyst consensus, while revenue increased 32.1% year over year.
• EXPD shares opened at $191.24, near their 52-week high, although analysts maintain an overall “Hold” rating with an average price target of $168.78.

Corient Private Wealth LP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 49,364 shares of the transportation company's stock, valued at approximately $8,045,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $30,000. Hara Capital LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $33,000. Finally, Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 0.1%

EXPD opened at $191.24 on Monday. The business has a 50 day moving average price of $175.78 and a two-hundred day moving average price of $159.63. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28. The company has a market cap of $24.86 billion, a PE ratio of 33.43, a P/E/G 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 return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington's quarterly revenue was up 32.1% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Bank of America increased 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 report on Tuesday, July 21st. Stephens upgraded Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Citizens Jmp began coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. raised Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 target price for the company in a research report on Wednesday, August 5th. Finally, Barclays raised 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. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.

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