NEOS Investment Management LLC Boosts Stock Position in Expeditors International of Washington, Inc. $EXPD

NEOS Investment Management LLC increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,904 shares of the transportation company’s stock after purchasing an additional 2,868 shares during the period. NEOS Investment Management LLC’s holdings in Expeditors International of Washington were worth $3,570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXPD. AXQ Capital LP grew its holdings in shares of Expeditors International of Washington by 162.1% during the second quarter. AXQ Capital LP now owns 16,333 shares of the transportation company’s stock worth $2,662,000 after purchasing an additional 10,102 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $440,000. Continuum Advisory LLC bought a new position in shares of Expeditors International of Washington during the second quarter valued at about $33,000. Nykredit A S purchased a new position in Expeditors International of Washington in the 2nd quarter worth approximately $4,137,000. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in Expeditors International of Washington by 46.4% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 13,548 shares of the transportation company’s stock valued at $2,208,000 after buying an additional 4,294 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 0.1%

Shares of EXPD opened at $188.60 on Monday. The company has a market capitalization of $24.52 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $192.28. The business’s 50 day moving average is $178.44 and its 200 day moving average is $160.92.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research analyst reports. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. TD Cowen boosted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Finally, Truist Financial increased their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.78.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.