1,257 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by V Square Quantitative Management LLC

Posted by MarketBeat News on Oct 9th, 2023

V Square Quantitative Management LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,257 shares of the transportation company’s stock, valued at approximately $152,000.

Several other large investors have also made changes to their positions in the company. National Bank of Canada FI grew its position in Expeditors International of Washington by 52.3% in the second quarter. National Bank of Canada FI now owns 41,373 shares of the transportation company’s stock valued at $5,028,000 after acquiring an additional 14,210 shares during the last quarter. Cypress Capital Group increased its position in Expeditors International of Washington by 4.8% during the 2nd quarter. Cypress Capital Group now owns 9,333 shares of the transportation company’s stock worth $1,131,000 after purchasing an additional 425 shares in the last quarter. Forum Financial Management LP lifted its stake in Expeditors International of Washington by 10.2% in the 2nd quarter. Forum Financial Management LP now owns 6,650 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 614 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in Expeditors International of Washington by 4.2% in the second quarter. Resonant Capital Advisors LLC now owns 7,478 shares of the transportation company’s stock valued at $906,000 after buying an additional 298 shares in the last quarter. Finally, 3Chopt Investment Partners LLC grew its stake in shares of Expeditors International of Washington by 20.3% during the second quarter. 3Chopt Investment Partners LLC now owns 10,598 shares of the transportation company’s stock worth $1,284,000 after buying an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 96.73% of the company’s stock.

Expeditors International of Washington Trading Up 0.3 %

EXPD stock opened at $114.60 on Monday. The firm has a market cap of $16.95 billion, a PE ratio of 17.18 and a beta of 1.01. The stock has a 50-day moving average price of $116.81 and a 200-day moving average price of $115.72. Expeditors International of Washington, Inc. has a 1-year low of $86.12 and a 1-year high of $128.04.

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Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results on Tuesday, August 8th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.04). Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the business earned $2.27 EPS. The company’s revenue for the quarter was down 51.3% on a year-over-year basis. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXPD shares. Stifel Nicolaus increased their price target on Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 19th. Susquehanna upped their price objective on Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Stephens boosted their target price on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 9th. StockNews.com began coverage on shares of Expeditors International of Washington in a report on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley decreased their price objective on Expeditors International of Washington from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, October 2nd. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $106.09.

Get Our Latest Stock Analysis on EXPD

About Expeditors International of Washington

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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