DekaBank Deutsche Girozentrale Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

DekaBank Deutsche Girozentrale raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 803,807 shares of the transportation company's stock after purchasing an additional 9,007 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.57% of Expeditors International of Washington worth $101,756,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington in the first quarter worth about $25,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington in the second quarter worth about $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington in the second quarter worth about $35,000. ORG Partners LLC raised its position in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock worth $51,000 after purchasing an additional 376 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $52,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.3 %

EXPD stock traded up $0.32 during mid-day trading on Monday, reaching $120.16. The company's stock had a trading volume of 771,059 shares, compared to its average volume of 1,205,579. The stock has a market cap of $16.96 billion, a PE ratio of 25.92, a P/E/G ratio of 5.08 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The company's 50 day moving average is $122.86 and its two-hundred day moving average is $121.10.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $1.30 EPS. The business's quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen downgraded shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their price target for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 3rd. Finally, Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company presently has an average 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.