XTX Topco Ltd Acquires New Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

XTX Topco Ltd bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,237 shares of the transportation company’s stock, valued at approximately $2,026,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth $25,000. Optiver Holding B.V. bought a new stake in Expeditors International of Washington during the fourth quarter worth about $27,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth about $35,000. Finally, ORG Partners LLC increased its position in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.9 %

Shares of Expeditors International of Washington stock opened at $125.71 on Friday. The company’s fifty day simple moving average is $121.88 and its two-hundred day simple moving average is $120.43. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The firm has a market cap of $17.76 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EXPD shares. Robert W. Baird boosted their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Bank of America lifted their target price on shares of 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, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington 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.