Nykredit A S Buys New Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Nykredit A/S initiated a position in Expeditors International of Washington, buying 21,222 shares valued at approximately $3.46 million. Institutional investors collectively own 94.02% of the company, with several major firms also adding new stakes.
• Expeditors reported quarterly earnings of $2.03 per share, beating estimates of $1.69, while revenue increased 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.
• Analyst sentiment remains mixed, with ratings ranging from strong buy to sell; the overall consensus is “Hold” with an average price target of $168.78, below the stock’s reported price of $187.60.

Nykredit A S purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,222 shares of the transportation company's stock, valued at approximately $3,459,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Expeditors International of Washington during the second quarter worth $2,193,093,000. Norges Bank purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at $180,719,000. Caisse de depot et placement du Quebec bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $169,665,000. Legal & General Group Plc bought a new position in Expeditors International of Washington in the 2nd quarter worth about $125,395,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $108,099,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $187.60 on Wednesday. The firm has a 50-day simple moving average of $183.69 and a 200-day simple moving average of $164.56. The firm has a market cap of $24.39 billion, a P/E ratio of 32.80, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a one year low of $112.94 and a one year high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS 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%. The company's revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. TD Cowen boosted their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, August 5th. UBS Group raised their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. 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. Stephens raised shares of Expeditors International of Washington to a "strong-buy" rating in a report on Wednesday, July 8th. Finally, Bank of America boosted their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $168.78.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers' import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

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