2,752 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,752 shares of the transportation company’s stock, valued at approximately $449,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $2,193,093,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after purchasing an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $201,164,000. Norges Bank purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $180,719,000. Finally, Balyasny Asset Management L.P. bought a new stake in Expeditors International of Washington during the third quarter valued at approximately $113,194,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $188.90 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $112.94 and a one year high of $189.99. The firm’s 50 day simple moving average is $174.00 and its two-hundred day simple moving average is $159.07. The stock has a market capitalization of $24.55 billion, a P/E ratio of 33.02, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the topic of a number of research analyst reports. Bank of America increased their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price for the company in a research report on Wednesday, August 5th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna raised their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Profile

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.