Quantbot Technologies LP Purchases New Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Quantbot Technologies LP purchased 7,493 shares of Expeditors International of Washington during the second quarter, valued at approximately $1.22 million. Institutional investors own 94.02% of the company.
• Expeditors reported quarterly EPS of $2.03, surpassing the $1.69 consensus estimate, while revenue increased 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.
• The stock opened at $188.90, near its 52-week high of $189.99, but Wall Street’s average rating remains “Hold” with an average price target of $168.78.

Quantbot Technologies LP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,493 shares of the transportation company's stock, valued at approximately $1,221,000.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company's stock worth $1,944,000 after acquiring an additional 623 shares in the last quarter. Jones Financial Companies Lllp raised its position in Expeditors International of Washington by 75.4% in the 1st 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 last quarter. Woodline Partners LP raised its position in Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company's stock valued at $1,422,000 after purchasing an additional 3,420 shares during the last quarter. Focus Partners Wealth boosted its stake in Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company's stock worth $628,000 after purchasing an additional 1,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company's stock worth $127,000 after purchasing an additional 255 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $188.90 on Wednesday. The stock has a fifty day moving average of $174.00 and a 200-day moving average of $159.07. The stock has a market capitalization of $24.55 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly 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%.The firm's revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Zacks Research upgraded Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. TD Cowen upped 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 report on Wednesday, August 5th. Bank of America increased their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Stifel Nicolaus raised their price objective on shares of 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. Finally, Truist Financial boosted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $168.78.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.