Fulcrum Asset Management LLP Acquires Shares of 17,148 Expeditors International of Washington, Inc. $EXPD

Key Points

• Fulcrum Asset Management initiated a position in Expeditors International by purchasing 17,148 shares valued at approximately $2.78 million. Institutional investors collectively own 94.02% of the company.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. The company has a consensus analyst rating of Hold and an average price target of $168.78.
• EXPD shares opened at $191.24, near their 52-week high of $192.28, with the stock trading above both its 50-day and 200-day moving averages.

Fulcrum Asset Management LLP bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,148 shares of the transportation company's stock, valued at approximately $2,777,000.

Other large investors have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth about $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the 4th quarter worth about $32,000. Finally, Hara Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter worth approximately $33,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $191.24 on Friday. The company has a market cap of $24.86 billion, a PE ratio of 33.43, a P/E/G ratio of 5.00 and a beta of 1.04. The firm's 50 day moving average price is $175.78 and its 200-day moving average price is $159.66. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $192.28.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXPD shares. Bank of America lifted 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 note on Tuesday, July 21st. Barclays raised their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Susquehanna upped their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upgraded Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target on the stock in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $168.78.

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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