Vise Technologies Inc. Buys New Holdings in Expeditors International of Washington, Inc. $EXPD

Vise Technologies Inc. purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, HoldingsChannel reports. The firm purchased 5,381 shares of the transportation company’s stock, valued at approximately $877,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Expeditors International of Washington in the second quarter valued at approximately $2,193,093,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Expeditors International of Washington by 733.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after purchasing an additional 1,661,457 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $201,164,000. Norges Bank acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $180,719,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $113,194,000. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPD. Susquehanna upped 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. Bank of America lifted 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 report on Tuesday, July 21st. TD Cowen boosted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. 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 report on Wednesday, July 15th. Finally, Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $187.83 on Monday. The company has a market capitalization of $24.42 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company’s 50-day moving average is $173.01 and its 200 day moving average is $158.72. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

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.