Jump Financial LLC Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Jump Financial LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 47.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,772 shares of the transportation company’s stock after acquiring an additional 1,849 shares during the period. Jump Financial LLC’s holdings in Expeditors International of Washington were worth $662,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXPD. abrdn plc boosted its stake in shares of Expeditors International of Washington by 11.1% in the third quarter. abrdn plc now owns 532,588 shares of the transportation company’s stock valued at $61,051,000 after purchasing an additional 53,228 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Expeditors International of Washington by 2.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 201,273 shares of the transportation company’s stock worth $23,072,000 after purchasing an additional 3,896 shares during the period. Sigma Planning Corp boosted its position in shares of Expeditors International of Washington by 7.5% in the 3rd quarter. Sigma Planning Corp now owns 2,297 shares of the transportation company’s stock worth $263,000 after buying an additional 160 shares in the last quarter. Cairn Investment Group Inc. lifted its holdings in Expeditors International of Washington by 2.5% in the 3rd quarter. Cairn Investment Group Inc. now owns 43,276 shares of the transportation company’s stock valued at $4,961,000 after purchasing an additional 1,037 shares in the last quarter. Finally, Versor Investments LP lifted its holdings in Expeditors International of Washington by 12.8% in the 3rd quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock valued at $608,000 after purchasing an additional 600 shares in the last quarter. 96.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on EXPD. Morgan Stanley dropped their target price on shares of Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a research report on Monday, November 13th. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research report on Thursday, January 11th. Susquehanna decreased their price objective on Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 9th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.50.

View Our Latest Stock Report on EXPD

Expeditors International of Washington Trading Up 1.3 %

NASDAQ EXPD opened at $127.67 on Thursday. The business’s 50-day moving average price is $125.65 and its two-hundred day moving average price is $119.78. Expeditors International of Washington, Inc. has a 12 month low of $102.89 and a 12 month high of $131.17. The firm has a market capitalization of $18.56 billion, a PE ratio of 24.13 and a beta of 1.02.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.09). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.29 billion. Expeditors International of Washington had a return on equity of 28.76% and a net margin of 7.77%. The firm’s quarterly revenue was down 49.8% compared to the same quarter last year. During the same period last year, the company posted $2.54 earnings per share. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.14 earnings per share for the current fiscal year.

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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