Expeditors International of Washington, Inc. $EXPD Holdings Boosted by Avanza Fonder AB

Avanza Fonder AB raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 261.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,425 shares of the transportation company’s stock after purchasing an additional 42,978 shares during the quarter. Avanza Fonder AB’s holdings in Expeditors International of Washington were worth $8,855,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EXPD. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares in the last quarter. Community Bank N.A. purchased a new stake in Expeditors International of Washington in the 3rd quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth about $43,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $43,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Expeditors International of Washington by 63.6% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $140.43 on Tuesday. The stock’s 50 day moving average price is $152.51 and its 200 day moving average price is $141.42. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19. The company has a market capitalization of $18.75 billion, a P/E ratio of 24.55, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 earnings per share. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXPD. Truist Financial dropped their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. JPMorgan Chase & Co. lowered their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Finally, Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $134.30.

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.