Expeditors International of Washington, Inc. $EXPD Stock: International Assets Investment Management LLC Raises Position

Key Points

• International Assets Investment Management LLC increased its EXPD position by 658% in the third quarter, reaching 30,000 shares valued at approximately $5.54 million. Institutional investors and hedge funds collectively own 94.02% of the company.
• Analyst sentiment remains mixed, with Expeditors holding an average rating of “Hold” and an average price target of $175.27, below the stock’s recent price of $198.25.
• Expeditors reported quarterly EPS of $2.03, beating consensus estimates of $1.69, while revenue rose 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.

International Assets Investment Management LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 658.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the transportation company's stock after acquiring an additional 26,042 shares during the quarter. International Assets Investment Management LLC's holdings in Expeditors International of Washington were worth $5,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $2,193,093,000. State Street Corp grew its holdings in Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock worth $1,195,498,000 after purchasing an additional 109,798 shares during the period. Bank of America Corp DE grew its stake in Expeditors International of Washington by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company's stock valued at $421,456,000 after buying an additional 21,400 shares during the last quarter. Baird Financial Group Inc. raised its stake in Expeditors International of Washington by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company's stock worth $365,021,000 after purchasing an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Expeditors International of Washington by 10.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company's stock valued at $351,273,000 after buying an additional 195,351 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports 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 company a "buy" rating in a research report on Tuesday, July 21st. Citizens Jmp began coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Zacks Research lowered Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Robert W. Baird raised their price target on Expeditors International of Washington from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, October 1st. Finally, Truist Financial increased 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average target price of $175.27.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $198.25 on Monday. The firm's 50-day moving average is $191.72 and its two-hundred day moving average is $167.05. The stock has a market capitalization of $25.77 billion, a P/E ratio of 34.66, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 12-month low of $118.94 and a 12-month high of $200.66.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts' consensus estimates 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%. During the same period in the prior year, the business posted $1.34 EPS. The company's revenue for the quarter was up 32.1% on a year-over-year basis. As a group, analysts forecast 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 headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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