Danske Bank A S Takes $12.57 Million Position in Expeditors International of Washington, Inc. $EXPD

Danske Bank A S purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 77,156 shares of the transportation company’s stock, valued at approximately $12,575,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB increased its holdings in Expeditors International of Washington by 153.5% in the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after buying an additional 17,969 shares during the period. Arjuna Capital raised its position in shares of Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after buying an additional 6,471 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Expeditors International of Washington by 128.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company’s stock worth $10,507,000 after acquiring an additional 39,658 shares during the period. Forsta AP Fonden boosted its position in shares of Expeditors International of Washington by 81.4% during the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock worth $13,351,000 after acquiring an additional 40,200 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $32,004,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXPD. Barclays boosted their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial raised their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. UBS Group boosted their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Bank of America upped their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $186.65 on Friday. The company has a 50 day simple moving average of $172.59 and a 200 day simple moving average of $158.55. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $189.99. The firm has a market cap of $24.26 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter last year, the business posted $1.34 EPS. The firm’s revenue was up 32.1% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share 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.