Empowered Funds LLC Acquires 32,829 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Empowered Funds LLC increased its Expeditors International stake by 142.2% in the first quarter, acquiring 32,829 shares for a total of 55,922 shares valued at approximately $8.01 million. Institutional investors collectively own 94.02% of the company.
• Expeditors reported quarterly EPS of $2.03, surpassing the $1.69 analyst consensus, while revenue rose 32.1% year over year. The stock opened at $186.38, near its 12-month high of $189.87.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $168.78 price target, despite some firms upgrading the stock and raising their targets.

Empowered Funds LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 142.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,922 shares of the transportation company's stock after acquiring an additional 32,829 shares during the period. Empowered Funds LLC's holdings in Expeditors International of Washington were worth $8,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company's stock valued at $1,944,000 after acquiring an additional 623 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company's stock worth $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP boosted its position in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company's stock worth $1,422,000 after purchasing an additional 3,420 shares during the period. Focus Partners Wealth raised its position in shares of Expeditors International of Washington by 33.9% in the first 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 lifted its stake in shares of 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 buying an additional 255 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 0.4%

Shares of NASDAQ:EXPD opened at $186.38 on Friday. The firm has a 50 day moving average of $170.83 and a 200-day moving average of $157.80. The stock has a market capitalization of $24.23 billion, a PE ratio of 32.58, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.87.

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 (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 previous year, the business earned $1.34 EPS. Expeditors International of Washington's revenue was up 32.1% on a year-over-year basis. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the topic of several research reports. Stephens raised Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Zacks Research raised Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Truist Financial lifted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised 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 research report on Wednesday, August 5th. Finally, TD Cowen boosted their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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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