Expeditors International of Washington, Inc. $EXPD Shares Newly Purchased by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC purchased 21,476 shares of Expeditors International of Washington in the third quarter, valued at approximately $3.97 million. Institutional investors and hedge funds collectively own 94.02% of the company.
• Analysts maintain a largely cautious view, with the stock receiving a consensus “Hold” rating and an average price target of $175.27, despite some firms raising their targets and Bank of America maintaining a “Buy” rating.
• Expeditors reported quarterly EPS of $2.03, exceeding estimates of $1.69, while revenue increased 32.1% year over year. Shares opened at $195.68, near their 52-week high of $200.66.

SteelPeak Wealth LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,476 shares of the transportation company's stock, valued at approximately $3,965,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. raised its holdings in Expeditors International of Washington by 6.4% in the 3rd quarter. Mather Group LLC. now owns 1,051 shares of the transportation company's stock valued at $194,000 after buying an additional 63 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Expeditors International of Washington by 3.5% during the second quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company's stock valued at $307,000 after purchasing an additional 64 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company's stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Nilsine Partners LLC lifted its position in Expeditors International of Washington by 1.9% in the 2nd quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company's stock valued at $658,000 after acquiring an additional 77 shares in the last quarter. Finally, Apella Capital LLC lifted its stake in Expeditors International of Washington by 6.8% during the 3rd quarter. Apella Capital LLC now owns 1,295 shares of the transportation company's stock valued at $247,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EXPD shares. JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $200.00 to $214.00 and gave the stock a "neutral" rating in a research report on Monday, October 5th. 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. BNP Paribas Exane assumed coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They set a "neutral" rating and a $180.00 price target on the stock. Bank of America upped their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Finally, Truist Financial raised their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $175.27.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $195.68 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $116.84 and a 1-year high of $200.66. The business has a 50-day moving average of $189.23 and a 200 day moving average of $170.44. The stock has a market capitalization of $25.44 billion, a PE ratio of 34.21, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted 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%. The firm's revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.

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