The Manufacturers Life Insurance Company Cuts Position in Expeditors International of Washington, Inc. $EXPD

The Manufacturers Life Insurance Company decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,402 shares of the transportation company’s stock after selling 9,811 shares during the period. The Manufacturers Life Insurance Company’s holdings in Expeditors International of Washington were worth $10,985,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares in the last quarter. Woodline Partners LP grew its stake in shares of Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after acquiring an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Expeditors International of Washington by 29.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 255 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 1.8%

Expeditors International of Washington stock opened at $192.65 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $193.15. The stock has a fifty day simple moving average of $180.79 and a two-hundred day simple moving average of $162.18. The firm has a market cap of $25.04 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the company earned $1.34 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citizens Jmp initiated coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Bank of America increased their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Truist Financial raised their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price for the company in a report on Wednesday, August 5th. Finally, UBS Group upped their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.