Expeditors International of Washington, Inc. $EXPD Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 40.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 72,528 shares of the transportation company’s stock after acquiring an additional 20,755 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Expeditors International of Washington were worth $10,807,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP raised 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 valued at $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after acquiring an additional 1,324 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Expeditors International of Washington by 7.4% in the second quarter. Hsbc Holdings PLC now owns 666,238 shares of the transportation company’s stock valued at $77,659,000 after acquiring an additional 45,887 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on EXPD shares. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Morgan Stanley lifted 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 note on Monday, December 8th. Barclays upped 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 increased 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 equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $141.37 on Monday. The stock’s 50 day simple moving average is $150.91 and its 200-day simple moving average is $142.01. The stock has a market cap of $18.80 billion, a P/E ratio of 24.72, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the firm earned $1.68 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. As a group, research analysts expect 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 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.