Allianz Asset Management GmbH lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 44.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 612,352 shares of the transportation company's stock after purchasing an additional 188,581 shares during the quarter. Allianz Asset Management GmbH owned about 0.47% of Expeditors International of Washington worth $99,801,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of EXPD. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Hara Capital LLC acquired a new stake in Expeditors International of Washington during the second quarter worth about $33,000. 94.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on EXPD shares. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a "market perform" rating for the company. Bank of America raised their price target 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. TD Cowen lifted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a research note on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, UBS Group upped 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. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $168.78.
Check Out Our Latest Research Report on EXPD
Expeditors International of Washington Price Performance
NASDAQ EXPD opened at $188.60 on Tuesday. The company has a market cap of $24.52 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The stock's 50 day simple moving average is $178.96 and its 200-day simple moving average is $161.21. 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 issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate 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 revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.
About Expeditors International of Washington
(
Free Report)
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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