3,528 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 3,528 shares of the transportation company’s stock, valued at approximately $575,000.

Several other hedge funds have also made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $32,000. Finally, Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Trading Up 0.6%

Shares of EXPD stock opened at $190.27 on Thursday. The company has a market cap of $24.73 billion, a PE ratio of 33.26, a P/E/G ratio of 5.00 and a beta of 1.04. The company’s fifty day simple moving average is $174.59 and its 200-day simple moving average is $159.26. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $191.79.

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 for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.