Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 140.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 439,133 shares of the transportation company's stock after purchasing an additional 256,317 shares during the period. Assenagon Asset Management S.A. owned approximately 0.31% of Expeditors International of Washington worth $57,702,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXPD. D. E. Shaw & Co. Inc. lifted its stake in Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after acquiring an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC lifted its stake in Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock valued at $35,067,000 after acquiring an additional 265,111 shares during the period. TD Asset Management Inc lifted its stake in Expeditors International of Washington by 26.3% during the 1st quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company's stock valued at $133,116,000 after acquiring an additional 227,816 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock valued at $197,538,000 after purchasing an additional 227,671 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 0.2 %

Shares of Expeditors International of Washington stock traded up $0.26 during trading hours on Friday, reaching $119.84. 586,221 shares of the company's stock were exchanged, compared to its average volume of 1,207,604. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59. The business has a fifty day moving average of $122.87 and a two-hundred day moving average of $121.07. The company has a market capitalization of $16.93 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced 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). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the company posted $1.30 EPS. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a "neutral" rating in a research note on Wednesday, July 3rd. TD Cowen cut shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and decreased their target price for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, 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. Four 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 a consensus rating of "Hold" and an average target price of $115.33.

About Expeditors International of Washington

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.