Horizon Investments LLC Boosts Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Horizon Investments LLC boosted its stake in Expeditors (NASDAQ:EXPD) by 201.4% in Q4, buying 12,345 shares to hold 18,475 shares worth about $2.75 million.
• Institutional ownership is very high at 94.02%, and other large managers—including Envestnet, Allianz and Exchange Traded Concepts—also increased positions (Envestnet now holds ~993,697 shares, ~$121.8M).
• Wall Street sentiment is cautious: the consensus rating is Reduce with a consensus price target of $134.30, below the recent trading level (~$139.64).

Horizon Investments LLC increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 201.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,475 shares of the transportation company's stock after purchasing an additional 12,345 shares during the period. Horizon Investments LLC's holdings in Expeditors International of Washington were worth $2,753,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Expeditors International of Washington by 6.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company's stock worth $121,817,000 after buying an additional 62,500 shares during the last quarter. Allianz Asset Management GmbH raised its position in Expeditors International of Washington by 14.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company's stock worth $69,316,000 after buying an additional 69,290 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Expeditors International of Washington during the 3rd quarter worth approximately $1,041,000. Exchange Traded Concepts LLC raised its position in Expeditors International of Washington by 40.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company's stock worth $10,807,000 after buying an additional 20,755 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in Expeditors International of Washington during the 3rd quarter worth approximately $464,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. Susquehanna reduced their price target on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Zacks Research lowered shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 14th. Bank of America raised shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a research report on Monday, January 12th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $134.30.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $139.64 on Tuesday. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company has a 50 day moving average price of $145.31 and a 200-day moving average price of $146.24. Expeditors International of Washington, Inc. has a 1-year low of $106.00 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

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.

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