Expeditors International of Washington, Inc. $EXPD Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,511 shares of the transportation company’s stock after buying an additional 18,937 shares during the period. Capital Fund Management S.A. owned approximately 0.07% of Expeditors International of Washington worth $11,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its holdings in Expeditors International of Washington by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after acquiring an additional 83,366 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Expeditors International of Washington by 19.3% during the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Expeditors International of Washington by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after purchasing an additional 92,222 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Expeditors International of Washington by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company’s stock valued at $177,923,000 after purchasing an additional 37,390 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Expeditors International of Washington by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 1,140,438 shares of the transportation company’s stock worth $139,806,000 after purchasing an additional 29,238 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXPD. Morgan Stanley boosted their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Barclays lifted their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $166.00 in a report on Monday, November 17th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Truist Financial lowered their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $134.30.

Expeditors International of Washington Price Performance

EXPD stock opened at $142.20 on Friday. The firm’s fifty day simple moving average is $154.34 and its 200-day simple moving average is $140.03. The company has a market capitalization of $18.98 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

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.