Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 140.2% in the 3rd quarter, Holdings Channel reports. The fund owned 439,133 shares of the transportation company’s stock after buying an additional 256,317 shares during the period. Assenagon Asset Management S.A.’s holdings in Expeditors International of Washington were worth $57,702,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Crewe Advisors LLC bought a new position in Expeditors International of Washington in the 1st quarter worth about $25,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at approximately $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington during the 2nd quarter valued at $35,000. ORG Partners LLC boosted its position in Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after acquiring an additional 376 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.0 %

EXPD opened at $119.54 on Friday. The business has a fifty day simple moving average of $122.87 and a 200-day simple moving average of $121.07. The firm has a market cap of $16.89 billion, a PE ratio of 25.33, a P/E/G ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 EPS. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXPD shares. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their price target for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $115.33.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.