Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,031 shares of the transportation company’s stock after buying an additional 180 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Expeditors International of Washington were worth $2,106,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Swedbank AB raised its position in Expeditors International of Washington by 1.1% during the third quarter. Swedbank AB now owns 21,910 shares of the transportation company’s stock worth $2,879,000 after acquiring an additional 231 shares during the period. Boomfish Wealth Group LLC raised its position in shares of Expeditors International of Washington by 3.9% during the 3rd quarter. Boomfish Wealth Group LLC now owns 18,052 shares of the transportation company’s stock worth $2,372,000 after purchasing an additional 680 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Expeditors International of Washington in the 3rd quarter valued at about $239,000. Procyon Advisors LLC boosted its holdings in Expeditors International of Washington by 5.3% in the 3rd quarter. Procyon Advisors LLC now owns 19,698 shares of the transportation company’s stock worth $2,588,000 after buying an additional 1,000 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Expeditors International of Washington by 1,027.2% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,171 shares of the transportation company’s stock worth $1,468,000 after buying an additional 10,180 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EXPD shares. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and dropped their target price for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Bank of America raised their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Stock Performance

EXPD opened at $120.29 on Tuesday. The stock has a market capitalization of $16.99 billion, a PE ratio of 25.62, a P/E/G ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59. The business’s 50 day moving average price is $122.82 and its 200 day moving average price is $121.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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). The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

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.