3,629 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by State of Wyoming

State of Wyoming bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,629 shares of the transportation company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swedbank AB raised its holdings in Expeditors International of Washington by 153.5% in the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after acquiring an additional 17,969 shares in the last quarter. Arjuna Capital increased its position in shares of Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after purchasing an additional 6,471 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Expeditors International of Washington by 128.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company’s stock valued at $10,507,000 after purchasing an additional 39,658 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Expeditors International of Washington by 81.4% in the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock valued at $13,351,000 after purchasing an additional 40,200 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth $32,004,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $186.38 on Monday. The company’s fifty day moving average price is $170.83 and its 200 day moving average price is $157.79. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.87. The firm has a market capitalization of $24.23 billion, a P/E ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America increased their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Susquehanna raised their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $168.78.

View Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Company Profile

(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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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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