8,218 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Foster & Motley Inc.

Foster & Motley Inc. purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,218 shares of the transportation company’s stock, valued at approximately $1,339,000.

Several other institutional investors also recently modified their holdings of the stock. JLB & Associates Inc. acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $17,411,000. Meeder Advisory Services Inc. acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth $309,000. MidFirst Bank acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth $163,000. BlackRock Inc. acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $2,193,093,000. Finally, Deutsche Bank AG acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $102,595,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $186.25 on Thursday. The stock has a market cap of $24.21 billion, a PE ratio of 32.56, a PEG ratio of 5.00 and a beta of 1.04. The business has a fifty day moving average of $172.19 and a two-hundred day moving average of $158.37. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping 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 business posted $1.34 EPS. The company’s revenue was up 32.1% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent analyst reports. UBS Group increased their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Bank of America lifted 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. Finally, Truist Financial boosted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Profile

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.