VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• Virginia Retirement Systems acquired 235,471 shares of Expeditors International of Washington in the second quarter, valued at approximately $38.4 million, giving it a 0.18% stake.
• Institutional investors and hedge funds own 94.02% of EXPD shares. Analysts have a consensus “Hold” rating with an average price target of $168.78, despite several recent target increases and upgrades.
• Expeditors reported quarterly earnings of $2.03 per share, beating estimates of $1.69, while revenue rose 32.1% year over year. Shares opened at $188.60, near their 52-week high of $192.28.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 235,471 shares of the transportation company's stock, valued at approximately $38,377,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.18% of Expeditors International of Washington as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $32,000. Finally, Hara Capital LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at about $33,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Bank of America increased 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. Truist Financial lifted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target for the company in a research note on Wednesday, August 5th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $188.60 on Monday. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $192.28. The stock's fifty day moving average price is $178.44 and its two-hundred day moving average price is $160.92. The company has a market cap of $24.52 billion, a PE ratio of 32.97, a P/E/G ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping 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 company's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. On average, equities analysts predict 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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