Expeditors International of Washington, Inc. $EXPD Stock Holdings Increased by AXQ Capital LP

Key Points

• AXQ Capital LP increased its Expeditors International of Washington stake by 162.1% in the second quarter, holding 16,333 shares valued at approximately $2.66 million. Institutional investors collectively own 94.02% of the company.
• Expeditors reported quarterly earnings of $2.03 per share, exceeding estimates of $1.69, while revenue rose 32.1% year over year. Analysts expect full-year EPS of about $5.39.
• EXPD shares recently traded at $187.19, near their 52-week high, but analysts’ consensus remains “Hold” with an average price target of $168.78.

AXQ Capital LP raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 162.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,333 shares of the transportation company's stock after buying an additional 10,102 shares during the quarter. AXQ Capital LP's holdings in Expeditors International of Washington were worth $2,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB raised its position in Expeditors International of Washington by 153.5% during the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company's stock valued at $4,422,000 after acquiring an additional 17,969 shares in the last quarter. Arjuna Capital grew its position in Expeditors International of Washington by 37.0% in the fourth 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 increased its stake in shares of Expeditors International of Washington by 81.4% during the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company's stock worth $13,351,000 after purchasing an additional 40,200 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth $32,004,000. Finally, Kentucky Retirement Systems raised its holdings in shares of Expeditors International of Washington by 97.2% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 0.6%

Shares of NASDAQ:EXPD opened at $187.19 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $192.28. The business's 50 day moving average is $177.88 and its 200-day moving average is $160.62. The firm has a market capitalization of $24.33 billion, a PE ratio of 32.73, a PEG ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share 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 quarter last year, the company posted $1.34 EPS. The business's revenue for the quarter was up 32.1% compared to the same quarter last year. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on EXPD shares. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a "market perform" rating on the stock. Stephens raised shares of Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Zacks Research upgraded shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Barclays lifted their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Finally, TD Cowen upped their price target 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 analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.