Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Chapman Investment Management LLC

Chapman Investment Management LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 57.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,855 shares of the transportation company's stock after buying an additional 6,858 shares during the period. Expeditors International of Washington makes up approximately 1.8% of Chapman Investment Management LLC's holdings, making the stock its 20th largest position. Chapman Investment Management LLC's holdings in Expeditors International of Washington were worth $2,478,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Smith Group Asset Management LLC purchased a new position in Expeditors International of Washington during the third quarter worth about $318,000. Asahi Life Asset Management CO. LTD. purchased a new position in Expeditors International of Washington during the third quarter worth about $453,000. Baker Tilly Wealth Management LLC raised its holdings in Expeditors International of Washington by 22.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,739 shares of the transportation company's stock worth $491,000 after purchasing an additional 695 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Expeditors International of Washington by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company's stock worth $101,756,000 after purchasing an additional 9,007 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in Expeditors International of Washington by 2.0% during the third quarter. GHP Investment Advisors Inc. now owns 82,450 shares of the transportation company's stock worth $10,834,000 after purchasing an additional 1,647 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. TD Cowen cut shares of Expeditors International of Washington from a "hold" rating to a "sell" rating and dropped their target price for the company from $112.00 to $106.00 in a report on Monday, October 14th. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and increased their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $115.33.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded up $0.06 during mid-day trading on Friday, reaching $119.06. 1,247,352 shares of the stock were exchanged, compared to its average volume of 1,206,550. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.59. The business's fifty day simple moving average is $122.62 and its 200 day simple moving average is $121.11. The stock has a market capitalization of $16.80 billion, a PE ratio of 25.55, a PEG ratio of 5.05 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results 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 return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $1.30 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington Profile

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.