UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,155,313 shares of the transportation company's stock after purchasing an additional 195,351 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.66% of Expeditors International of Washington worth $351,273,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $28,000. DV Equities LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $32,000. Finally, Hara Capital LLC bought a new position in Expeditors International of Washington during the 2nd quarter valued at $33,000. 94.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EXPD has been the subject of several research analyst reports. Bank of America boosted their target price 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. JPMorgan Chase & Co. raised shares of 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 report on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. TD Cowen boosted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Finally, Susquehanna upped their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.78.
Check Out Our Latest Research Report on EXPD
Expeditors International of Washington Stock Performance
Shares of EXPD opened at $191.24 on Monday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $192.28. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a fifty day moving average of $175.78 and a 200-day moving average of $159.63.
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, topping 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 firm's revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.
Expeditors International of Washington Company Profile
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Free Report)
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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