Assenagon Asset Management S.A. Purchases 323,985 Shares of Expeditors International of Washington, Inc. $EXPD

Assenagon Asset Management S.A. grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2,312.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,995 shares of the transportation company’s stock after acquiring an additional 323,985 shares during the quarter. Assenagon Asset Management S.A. owned about 0.25% of Expeditors International of Washington worth $50,365,000 as of its most recent filing with the Securities & Exchange Commission.

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

Expeditors International of Washington Stock Up 1.0%

EXPD opened at $141.91 on Wednesday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19. The company’s 50-day moving average price is $152.14 and its two-hundred day moving average price is $141.57. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Truist Financial lowered their target price on shares of 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. Susquehanna cut their price target on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Morgan Stanley boosted their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Finally, Stifel Nicolaus increased their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $134.30.

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.