Daiichi Life Insurance Co. Ltd. Takes Position in Expeditors International of Washington, Inc. $EXPD

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,657 shares of the transportation company's stock, valued at approximately $922,000.

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

Expeditors International of Washington Price Performance

Shares of EXPD opened at $187.92 on Tuesday. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.99. The stock's 50-day moving average is $173.50 and its two-hundred day moving average is $158.90. The stock has a market cap of $24.43 billion, a PE ratio of 32.85, a P/E/G ratio of 5.00 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXPD. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a "market perform" rating for the company. Truist Financial raised their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. Barclays lifted their price target on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Finally, Bank of America increased their price objective on shares of 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. Two equities 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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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