XTX Topco Ltd Acquires Shares of 16,237 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

XTX Topco Ltd bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,237 shares of the transportation company’s stock, valued at approximately $2,026,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock worth $346,559,000 after acquiring an additional 82,107 shares during the period. Blair William & Co. IL increased its position in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Expeditors International of Washington by 24.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,474 shares of the transportation company’s stock worth $3,290,000 after purchasing an additional 5,148 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Expeditors International of Washington by 10.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 29,822 shares of the transportation company’s stock worth $3,721,000 after buying an additional 2,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Expeditors International of Washington by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after buying an additional 85,393 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $125.71 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The stock has a market cap of $17.76 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The stock has a fifty day moving average of $121.88 and a 200-day moving average of $120.43.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on EXPD shares. Bank of America lifted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird lifted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Company 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.