WINTON GROUP Ltd Has $1.94 Million Position in Expeditors International of Washington, Inc. $EXPD

WINTON GROUP Ltd cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 79.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,910 shares of the transportation company’s stock after selling 46,918 shares during the quarter. WINTON GROUP Ltd’s holdings in Expeditors International of Washington were worth $1,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Expeditors International of Washington by 12,384.8% in the 2nd quarter. California State Teachers Retirement System now owns 40,489,447 shares of the transportation company’s stock valued at $6,598,970,000 after acquiring an additional 40,165,136 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at approximately $2,193,093,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $231,432,000 after purchasing an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $201,164,000. Finally, Norges Bank bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $180,719,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXPD. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. TD Cowen raised their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Finally, Truist Financial upped their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a 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. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $192.65 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $193.15. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 5.00 and a beta of 1.06. The company has a 50-day simple moving average of $180.79 and a 200 day simple moving average of $162.18.

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

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.