Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,853 shares of the transportation company’s stock after purchasing an additional 104 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Expeditors International of Washington were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. boosted its stake in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after buying an additional 349,362 shares during the period. TD Asset Management Inc grew its stake in shares of Expeditors International of Washington by 26.3% in the first quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock valued at $133,116,000 after buying an additional 227,816 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after buying an additional 227,671 shares during the period. Confluence Investment Management LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth about $23,178,000. Finally, Squarepoint Ops LLC boosted its holdings in Expeditors International of Washington by 4,581.9% during the 2nd quarter. Squarepoint Ops LLC now owns 184,606 shares of the transportation company’s stock valued at $23,037,000 after acquiring an additional 180,663 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.4 %

Shares of Expeditors International of Washington stock opened at $119.94 on Tuesday. The company has a fifty day simple moving average of $122.79 and a 200-day simple moving average of $120.95. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.59. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 5.71 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion for 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 company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXPD. Robert W. Baird increased their price target 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. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington 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.