629,496 Shares in Expeditors International of Washington, Inc. $EXPD Purchased by Deutsche Bank AG

Deutsche Bank AG purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 629,496 shares of the transportation company’s stock, valued at approximately $102,595,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the 4th quarter valued at $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the 4th quarter valued at $32,000. Finally, Geneos Wealth Management Inc. increased its stake in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXPD. Barclays upped their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Truist Financial boosted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective on the stock in a research note on Wednesday, August 5th. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Trading Up 0.1%

EXPD stock opened at $186.65 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.99. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 5.00 and a beta of 1.04. The firm has a 50-day moving average of $172.59 and a two-hundred day moving average of $158.55.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington 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.