Mirabella Financial Services LLP Purchases 9,681 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Mirabella Financial Services LLP increased its stake in Expeditors by 174.8% in the third quarter, buying 9,681 shares to own 15,218 shares valued at $1.862 million.
• Institutional investors hold 94.02% of EXPD, and several other funds (including Mirae Asset, Jones Financial, Woodline and others) also raised their positions recently.
• Analyst sentiment is mixed — MarketBeat shows an average rating of "Reduce" with an average target of $134.30 while the stock trades around $147.10; Expeditors reported a slight EPS beat ($1.49 vs. $1.46) but revenue fell 3.3% year‑over‑year.

Mirabella Financial Services LLP grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 174.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,218 shares of the transportation company's stock after buying an additional 9,681 shares during the period. Mirabella Financial Services LLP's holdings in Expeditors International of Washington were worth $1,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company's stock worth $1,944,000 after purchasing an additional 623 shares during the period. Jones Financial Companies Lllp raised its position in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company's stock valued at $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP lifted its stake in shares of Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company's stock valued at $1,422,000 after buying an additional 3,420 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company's stock valued at $628,000 after buying an additional 1,324 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Expeditors International of Washington by 1.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,435 shares of the transportation company's stock worth $2,335,000 after buying an additional 255 shares during the period. Institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. Zacks Research lowered shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 14th. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a "hold" rating in a report on Tuesday, December 16th. Bank of America upgraded Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating on the stock in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Reduce" and an average target price of $134.30.

Expeditors International of Washington Stock Up 1.7%

NASDAQ:EXPD opened at $147.10 on Friday. The stock has a market cap of $19.64 billion, a P/E ratio of 25.72, a PEG ratio of 5.00 and a beta of 1.15. The business's 50-day moving average price is $153.18 and its two-hundred day moving average price is $140.82. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 36.16% and a net margin of 7.64%.The firm's revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS 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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