Lecap Asset Management Ltd. Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Lecap Asset Management Ltd. acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,890 shares of the transportation company’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. Crewe Advisors LLC acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington in the second quarter valued at approximately $35,000. ORG Partners LLC raised its holdings in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $119.54 on Friday. The firm’s fifty day simple moving average is $122.87 and its 200-day simple moving average is $121.07. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The business 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 business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXPD. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price objective for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $115.33.

About Expeditors International of Washington

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.