Mirae Asset Global Investments Co. Ltd. Has $11.59 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,780 shares of the transportation company’s stock after acquiring an additional 6,070 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Expeditors International of Washington worth $11,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its holdings in shares of Expeditors International of Washington by 5.2% in the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after acquiring an additional 377,703 shares in the last quarter. Marshfield Associates boosted its holdings in shares of Expeditors International of Washington by 4.6% in the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock worth $238,161,000 after acquiring an additional 86,182 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Expeditors International of Washington by 733.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after acquiring an additional 1,661,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Expeditors International of Washington by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company’s stock worth $177,923,000 after acquiring an additional 37,390 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD stock opened at $147.25 on Monday. The company has a 50 day moving average price of $145.89 and a 200 day moving average price of $144.37. Expeditors International of Washington, Inc. has a fifty-two week low of $103.76 and a fifty-two week high of $167.19. The stock has a market capitalization of $19.58 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share 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%. During the same period in the previous year, the firm posted $1.68 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price 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.