iSAM Funds UK Ltd Purchases Shares of 2,700 Expeditors International of Washington, Inc. $EXPD

iSAM Funds UK Ltd acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, Holdings Channel reports. The fund acquired 2,700 shares of the transportation company’s stock, valued at approximately $440,000.

Several other hedge funds have also recently made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP increased its holdings in shares of Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after purchasing an additional 3,420 shares during the period. Focus Partners Wealth raised its stake in shares of 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 worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 29.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after purchasing an additional 255 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 0.6%

Expeditors International of Washington stock opened at $187.19 on Friday. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28. The business’s 50-day moving average price is $177.88 and its 200 day moving average price is $160.62.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $1.34 earnings per share. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Expeditors International of Washington Company 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.