Korea Investment CORP acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 74,861 shares of the transportation company’s stock, valued at approximately $12,201,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at approximately $30,000. Hara Capital LLC bought a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $33,000. Finally, Bard Associates Inc. purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $32,000. Institutional investors own 94.02% of the company’s stock.
Expeditors International of Washington Stock Up 0.1%
NASDAQ EXPD opened at $187.92 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $189.99. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 5.00 and a beta of 1.04. The company has a fifty day moving average of $173.50 and a two-hundred day moving average of $158.90.
Analysts Set New Price Targets
A number of research analysts recently weighed in on EXPD shares. Bank of America raised their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, 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 report on Wednesday, August 5th. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $168.78.
Get Our Latest Report on Expeditors International of Washington
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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