Nykredit A S Acquires New Shares in Expeditors International of Washington, Inc. $EXPD

Nykredit A S bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,382 shares of the transportation company’s stock, valued at approximately $4,137,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $2,193,093,000. State Street Corp increased its holdings in Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after buying an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Expeditors International of Washington by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after buying an additional 32,063 shares during the last quarter. Bank of America Corp DE raised its position in Expeditors International of Washington by 0.8% during the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock valued at $421,456,000 after acquiring an additional 21,400 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Expeditors International of Washington by 10.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock valued at $351,273,000 after acquiring an additional 195,351 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXPD. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Barclays lifted their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Bank of America upped their price objective 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. TD Cowen increased their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Down 0.1%

Shares of EXPD opened at $188.60 on Monday. The stock’s 50-day moving average price is $178.44 and its 200 day moving average price is $160.92. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates 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%.Expeditors International of Washington’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current 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.