Mirae Asset Global Investments Co. Ltd. Acquires 84,163 Shares of Expeditors International of Washington, Inc. $EXPD

Mirae Asset Global Investments Co. Ltd. acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,163 shares of the transportation company’s stock, valued at approximately $15,540,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Expeditors International of Washington at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EXPD. BlackRock Inc. acquired a new stake in shares of Expeditors International of Washington in the second quarter worth about $2,193,093,000. Caisse de depot et placement du Quebec acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $169,665,000. Legal & General Group Plc bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $125,395,000. Bank of New York Mellon Corp bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $108,099,000. Finally, Deutsche Bank AG bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $102,595,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $204.24 on Wednesday. The company’s fifty day moving average is $192.30 and its two-hundred day moving average is $167.46. Expeditors International of Washington, Inc. has a 52-week low of $128.10 and a 52-week high of $206.23. The firm has a market capitalization of $26.55 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.43. 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 firm earned $1.64 earnings per share. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXPD shares. UBS Group upped their target price on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Barclays lifted their price target on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, September 29th. Robert W. Baird boosted their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. Finally, Citizens Jmp began coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $175.27.

Read Our Latest Research Report on Expeditors International of Washington

About Expeditors International of Washington

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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