Simplicity Wealth LLC Makes New $623,000 Investment in Expeditors International of Washington, Inc. $EXPD

Simplicity Wealth LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,822 shares of the transportation company’s stock, valued at approximately $623,000.

A number of other hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after purchasing an additional 623 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after buying an additional 999 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after buying an additional 3,420 shares during the period. Focus Partners Wealth boosted its stake in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after buying an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Expeditors International of Washington by 29.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after buying an additional 255 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 1.3%

Shares of EXPD opened at $188.60 on Tuesday. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $189.99. The stock has a market cap of $24.52 billion, a P/E ratio of 32.97, a PEG ratio of 5.00 and a beta of 1.04. The company has a 50-day moving average of $171.34 and a two-hundred day moving average of $158.01.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating the consensus estimate 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%. During the same period last year, the firm earned $1.34 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. UBS Group raised their price objective on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial upped their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target for the company in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price 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.