Man Group plc Invests $11.94 Million in Expeditors International of Washington, Inc. $EXPD

Man Group plc acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,257 shares of the transportation company’s stock, valued at approximately $11,939,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new position in Expeditors International of Washington during the fourth quarter worth about $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $32,000. Finally, Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $33,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday, August 5th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, Truist Financial boosted their price target 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. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $190.61 on Friday. Expeditors International of Washington, Inc. has a one year low of $112.94 and a one year high of $191.79. The firm has a market cap of $24.78 billion, a P/E ratio of 33.32, a P/E/G ratio of 5.00 and a beta of 1.04. The stock’s 50-day moving average is $175.18 and its 200-day moving average is $159.43.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) 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 period last year, the firm posted $1.34 earnings per share. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Profile

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.