Skandinaviska Enskilda Banken AB publ Has $17.92 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,656 shares of the transportation company’s stock after acquiring an additional 7,335 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.10% of Expeditors International of Washington worth $17,923,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Prudential PLC increased its holdings in Expeditors International of Washington by 80.5% in the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after buying an additional 39,321 shares during the period. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $2,954,000. Banco Santander S.A. boosted its stake in shares of Expeditors International of Washington by 141.0% in the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after purchasing an additional 52,603 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $1,305,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after purchasing an additional 70,329 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXPD has been the topic of a number of research analyst reports. Bank of America raised their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $123.25 on Friday. The company has a market capitalization of $17.41 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The company’s 50 day moving average price is $121.94 and its 200-day moving average price is $120.47.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. Analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

About Expeditors International of Washington

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.