Jupiter Topco LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Jupiter Topco LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,432 shares of the transportation company’s stock, valued at approximately $2,678,000.

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

Expeditors International of Washington Stock Down 0.7%

Shares of EXPD stock opened at $186.37 on Thursday. The company’s fifty day simple moving average is $177.36 and its two-hundred day simple moving average is $160.33. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28. The stock has a market cap of $24.23 billion, a P/E ratio of 32.58, a PEG ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) 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 firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXPD. Truist Financial lifted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. 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 report on Wednesday, May 6th. Finally, Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Company 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.