J. Goldman & Co LP Takes Position in Expeditors International of Washington, Inc. $EXPD

J. Goldman & Co LP acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,955 shares of the transportation company’s stock, valued at approximately $12,868,000. J. Goldman & Co LP owned about 0.06% of Expeditors International of Washington as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on EXPD shares. Truist Financial increased their price objective 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. Susquehanna upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a report on Wednesday, August 5th. UBS Group boosted their price objective 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, Citizens Jmp started coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Stock Performance

EXPD opened at $188.90 on Wednesday. The firm’s fifty day moving average is $174.00 and its two-hundred day moving average is $159.07. The firm has a market cap of $24.55 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $189.99.

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