Expeditors International of Washington, Inc. $EXPD Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 26.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,940 shares of the transportation company’s stock after purchasing an additional 5,615 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $4,974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in shares of Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $33,000. Continuum Advisory LLC acquired a new position in shares of Expeditors International of Washington during the second quarter valued at about $33,000. Ninety One UK Ltd bought a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $43,000. Finally, Ashurst Perkins Coie Trust Co bought a new stake in Expeditors International of Washington during the third quarter worth $46,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPD. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $200.00 to $214.00 and gave the stock a “neutral” rating in a report on Monday, October 5th. Barclays raised their price objective on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, September 29th. Robert W. Baird lifted their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, October 1st. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Truist Financial boosted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.27.

Expeditors International of Washington Stock Up 0.1%

EXPD stock opened at $196.38 on Friday. The firm has a market capitalization of $25.53 billion, a PE ratio of 34.33, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $117.45 and a twelve month high of $200.66. The stock has a 50-day simple moving average of $190.66 and a two-hundred day simple moving average of $172.28.

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

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.