Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,602 shares of the transportation company’s stock after purchasing an additional 1,656 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Expeditors International of Washington were worth $1,448,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EXPD. Crewe Advisors LLC purchased a new stake in Expeditors International of Washington in the first quarter valued at approximately $25,000. Optiver Holding B.V. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth $27,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the second quarter valued at $52,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXPD. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird raised their target price 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. Finally, Bank of America upped 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 report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $128.32 on Wednesday. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 5.71 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 simple moving average is $122.97 and its 200 day simple moving average is $120.86.

Expeditors International of Washington (NASDAQ:EXPD) last announced its 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 business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 earnings per share. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

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.