Deutsche Bank AG Purchases Shares of 629,496 Expeditors International of Washington, Inc. $EXPD

Deutsche Bank AG acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 629,496 shares of the transportation company's stock, valued at approximately $102,595,000. Deutsche Bank AG owned approximately 0.48% of Expeditors International of Washington as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EXPD. Phillips Wealth Planners LLC purchased a new position in Expeditors International of Washington in the 2nd quarter worth approximately $296,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Expeditors International of Washington in the second quarter worth $57,846,000. Plato Investment Management Ltd bought a new position in shares of Expeditors International of Washington during the second quarter worth $2,771,000. Bell Investment Advisors Inc bought a new position in shares of Expeditors International of Washington during the second quarter worth $188,000. Finally, Compass Capital Management Inc. purchased a new position in Expeditors International of Washington during the second quarter valued at $3,451,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target on the stock in a report on Wednesday, August 5th. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Truist Financial raised their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Finally, Susquehanna boosted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and a consensus price target of $168.78.

Expeditors International of Washington Stock Up 0.1%

Expeditors International of Washington stock opened at $186.65 on Friday. The company's 50-day moving average price is $172.59 and its 200-day moving average price is $158.55. The company has a market cap of $24.26 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS 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%. During the same period in the prior year, the business posted $1.34 earnings per share. The company's revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal 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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