Swedbank AB Has $2.88 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Swedbank AB boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the third quarter, HoldingsChannel reports. The firm owned 21,910 shares of the transportation company’s stock after buying an additional 231 shares during the period. Swedbank AB’s holdings in Expeditors International of Washington were worth $2,879,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at about $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. bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. ORG Partners LLC raised its position in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing 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 2nd quarter worth $52,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $120.50 on Friday. The firm has a market cap of $17.02 billion, a PE ratio of 25.53, a P/E/G ratio of 5.51 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 $131.59. The stock has a fifty day moving average price of $122.82 and a 200-day moving average price of $121.00.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion for 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%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Bank of America upped 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. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Robert W. Baird raised their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $115.33.

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.