Squarepoint Ops LLC Increases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Squarepoint Ops LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 40.6% during the second quarter, HoldingsChannel reports. The firm owned 173,669 shares of the transportation company’s stock after purchasing an additional 50,157 shares during the quarter. Squarepoint Ops LLC’s holdings in Expeditors International of Washington were worth $28,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System grew its position 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 buying an additional 40,165,136 shares during the last quarter. BlackRock Inc. acquired a new position in Expeditors International of Washington in the 2nd quarter valued at $2,193,093,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Expeditors International of Washington by 733.9% during the 3rd 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 buying an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP purchased a new position in Expeditors International of Washington during the 4th quarter worth $201,164,000. Finally, Norges Bank acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth $180,719,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of a number of recent analyst reports. Truist Financial boosted 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. 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 report on Wednesday, August 5th. Citizens Jmp initiated coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. TD Cowen boosted their target price on 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, Barclays increased their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Down 1.5%

NASDAQ:EXPD opened at $186.05 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $192.28. The stock has a market cap of $24.18 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The firm’s fifty day simple moving average is $179.43 and its 200-day simple moving average is $161.47.

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, 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 business earned $1.34 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 32.1% compared to the same quarter last year. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

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.