Skandinaviska Enskilda Banken AB publ Buys 7,335 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Skandinaviska Enskilda Banken AB publ increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,656 shares of the transportation company’s stock after acquiring an additional 7,335 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Expeditors International of Washington were worth $17,923,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EXPD. First Trust Advisors LP increased its stake in shares of Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares in the last quarter. Norges Bank bought a new stake in Expeditors International of Washington during the 4th quarter valued at $74,763,000. TD Asset Management Inc increased its stake in Expeditors International of Washington by 51.9% during the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after purchasing an additional 296,186 shares in the last quarter. Confluence Investment Management LLC bought a new stake in Expeditors International of Washington during the 1st quarter valued at $23,178,000. Finally, UBS Group AG increased its stake in Expeditors International of Washington by 66.7% during the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after purchasing an additional 175,111 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $123.25 on Friday. The company has a fifty day moving average price of $121.94 and a 200-day moving average price of $120.47. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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 analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. Expeditors International of Washington’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on EXPD shares. Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Robert W. Baird upped their target price 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. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target 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.