Exchange Traded Concepts LLC Raises Stock Position in Expeditors International of Washington, Inc. $EXPD

Exchange Traded Concepts LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 40.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,528 shares of the transportation company’s stock after purchasing an additional 20,755 shares during the period. Exchange Traded Concepts LLC owned about 0.05% of Expeditors International of Washington worth $10,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $231,432,000 after buying an additional 1,661,457 shares during the period. Norges Bank purchased a new stake in shares of Expeditors International of Washington in the second quarter worth about $111,222,000. Balyasny Asset Management L.P. acquired a new stake in Expeditors International of Washington during the third quarter worth about $113,194,000. Wellington Management Group LLP grew its holdings in Expeditors International of Washington by 64.1% during the third 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 during the period. Finally, Caisse de depot et placement du Quebec raised its position in Expeditors International of Washington by 59.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock valued at $131,291,000 after acquiring an additional 399,250 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on EXPD shares. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Barclays lifted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Morgan Stanley boosted their target price 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. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Trading Up 0.1%

NASDAQ EXPD opened at $141.37 on Monday. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 5.00 and a beta of 1.15. The stock has a 50-day moving average of $150.91 and a 200 day moving average of $142.01. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19.

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 analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the company earned $1.68 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Company 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.