Expeditors International of Washington, Inc. $EXPD Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 875,953 shares of the transportation company’s stock after buying an additional 227,852 shares during the quarter. Nordea Investment Management AB’s holdings in Expeditors International of Washington were worth $131,288,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP lifted its holdings in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares during the period. Focus Partners Wealth boosted its position in Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after buying an additional 1,324 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Expeditors International of Washington in the second quarter valued at approximately $647,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.7%

Shares of NASDAQ:EXPD opened at $146.23 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $167.19. The business has a 50 day moving average of $152.93 and a two-hundred day moving average of $141.29. The company has a market capitalization of $19.52 billion, a PE ratio of 25.57, a PEG ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPD. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley increased their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Barclays raised their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Finally, Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus target price of $134.30.

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.