Danske Bank A S Purchases Shares of 77,156 Expeditors International of Washington, Inc. $EXPD

Danske Bank A S acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,156 shares of the transportation company’s stock, valued at approximately $12,575,000. Danske Bank A S owned approximately 0.06% of Expeditors International of Washington as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC increased its holdings in Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares in the last quarter. Claro Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares in the last quarter. Hardy Reed LLC boosted its position in shares of Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares during the period. Meeder Advisory Services Inc. grew its holdings in shares of Expeditors International of Washington by 5.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after buying an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. grew its holdings in shares of Expeditors International of Washington by 0.9% during the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after buying an additional 98 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXPD. Susquehanna raised their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen raised their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. UBS Group boosted 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. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research note on Wednesday, August 5th. Finally, Citizens Jmp began coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $186.65 on Friday. The company’s 50-day moving average is $172.59 and its 200-day moving average is $158.55. The firm has a market capitalization of $24.26 billion, a PE ratio of 32.63, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share 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%. During the same period in the previous year, the company posted $1.34 EPS. The business’s revenue was up 32.1% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share 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.