Korea Investment CORP Buys Shares of 74,861 Expeditors International of Washington, Inc. $EXPD

Korea Investment CORP purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 74,861 shares of the transportation company’s stock, valued at approximately $12,201,000. Korea Investment CORP owned 0.06% of Expeditors International of Washington at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Rossby Financial LCC increased its position in Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 80 shares during the last quarter. Claro Advisors Inc. increased its position in shares of Expeditors International of Washington by 5.0% during the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares during the last quarter. Hardy Reed LLC increased its position in shares of Expeditors International of Washington by 2.8% during the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after purchasing an additional 95 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Expeditors International of Washington by 5.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after purchasing an additional 96 shares during the period. Finally, Nicollet Investment Management Inc. boosted its holdings in shares of Expeditors International of Washington by 0.9% in the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after buying an additional 98 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 0.1%

NASDAQ EXPD opened at $187.92 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 $24.43 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 5.00 and a beta of 1.04. The company’s 50 day moving average is $173.50 and its two-hundred day moving average is $158.90.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly 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% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXPD. TD Cowen upped their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research report on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Stifel Nicolaus raised their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently 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.