Cubist Systematic Strategies LLC Invests $1.99 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cubist Systematic Strategies LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,938 shares of the transportation company’s stock, valued at approximately $1,989,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Black Diamond Financial LLC lifted its position in shares of Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares during the last quarter. Cape ANN Savings Bank increased its stake in shares of Expeditors International of Washington by 2.9% during the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after buying an additional 95 shares during the period. SkyOak Wealth LLC increased its stake in shares of Expeditors International of Washington by 3.9% during the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after buying an additional 95 shares during the period. Blair William & Co. IL increased its stake in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after buying an additional 95 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Expeditors International of Washington by 0.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after buying an additional 106 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $131.44 on Tuesday. The company has a market capitalization of $18.57 billion, a PE ratio of 27.85, a P/E/G ratio of 5.71 and a beta of 0.97. The company has a 50-day simple moving average of $122.88 and a two-hundred day simple moving average of $120.80. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the company earned $1.30 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird raised their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America raised their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.