Expeditors International of Washington, Inc. $EXPD Shares Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC increased its Expeditors International of Washington position by 40.6% in the second quarter, adding 50,157 shares for a total of 173,669 shares valued at approximately $28.3 million. Institutional investors and hedge funds collectively own 94.02% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $168.78. Recent target changes ranged from TD Cowen’s $176 “Sell” target to UBS Group’s $210 “Buy” target.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Shares recently traded at $186.05, near the company’s 12-month high of $192.28.

Squarepoint Ops LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 40.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,669 shares of the transportation company's stock after purchasing an additional 50,157 shares during the period. Squarepoint Ops LLC owned 0.13% of Expeditors International of Washington worth $28,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPD. Arjuna Capital raised its position in shares of Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company's stock worth $3,567,000 after acquiring an additional 6,471 shares in the last quarter. Forsta AP Fonden boosted its holdings in Expeditors International of Washington by 81.4% in the fourth quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company's stock valued at $13,351,000 after purchasing an additional 40,200 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $32,004,000. Kentucky Retirement Systems increased its stake in Expeditors International of Washington by 97.2% in the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company's stock valued at $2,431,000 after purchasing an additional 8,367 shares during the last quarter. Finally, Midway Capital Research & Management purchased a new position in Expeditors International of Washington in the fourth quarter valued at approximately $2,432,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXPD. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price objective for the company in a research report on Wednesday, August 5th. UBS Group increased their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, August 5th. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. Finally, Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington Trading Down 1.5%

Shares of EXPD opened at $186.05 on Wednesday. The firm has a market cap of $24.18 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The company's 50 day simple moving average is $179.43 and its 200-day simple moving average is $161.47. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating the consensus estimate 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 business's revenue was up 32.1% compared to the same quarter last year. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS 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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