Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 70.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,455 shares of the transportation company’s stock after acquiring an additional 6,807 shares during the period. Plato Investment Management Ltd’s holdings in Expeditors International of Washington were worth $2,053,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in Expeditors International of Washington by 224.5% during the 4th quarter. Private Advisor Group LLC now owns 3,620 shares of the transportation company’s stock worth $460,000 after purchasing an additional 6,528 shares in the last quarter. Principal Securities Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $176,000. Envestnet Portfolio Solutions Inc. grew its stake in Expeditors International of Washington by 16.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,048 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 283 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Expeditors International of Washington by 6.3% in the 4th quarter. Great Lakes Advisors LLC now owns 72,214 shares of the transportation company’s stock valued at $9,186,000 after purchasing an additional 4,277 shares during the period. Finally, ING Groep NV boosted its holdings in shares of Expeditors International of Washington by 7.2% during the fourth quarter. ING Groep NV now owns 19,904 shares of the transportation company’s stock worth $2,531,000 after purchasing an additional 1,337 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EXPD shares. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird boosted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Stock Down 0.2 %

NASDAQ:EXPD opened at $120.78 on Friday. The company’s 50 day moving average is $121.70 and its 200-day moving average is $120.37. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The firm has a market cap of $17.05 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business earned $1.30 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. Research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.