Chapman Investment Management LLC Boosts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Chapman Investment Management LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 57.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,855 shares of the transportation company’s stock after purchasing an additional 6,858 shares during the quarter. Expeditors International of Washington makes up 1.8% of Chapman Investment Management LLC’s portfolio, making the stock its 20th biggest position. Chapman Investment Management LLC’s holdings in Expeditors International of Washington were worth $2,478,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smith Group Asset Management LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter worth $318,000. Asahi Life Asset Management CO. LTD. bought a new position in Expeditors International of Washington in the third quarter worth about $453,000. Baker Tilly Wealth Management LLC lifted its position in shares of 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 valued at $491,000 after buying an additional 695 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Expeditors International of Washington by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after buying an additional 9,007 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Expeditors International of Washington by 2.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 82,450 shares of the transportation company’s stock worth $10,834,000 after buying an additional 1,647 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.0 %

NASDAQ:EXPD opened at $119.02 on Friday. The firm has a market cap of $16.80 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 5.05 and a beta of 0.97. The stock has a 50 day moving average of $122.62 and a two-hundred day moving average of $121.11. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) 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 return on equity of 29.15% and a net margin of 7.40%. The business 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 business posted $1.30 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America raised their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their target price for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington 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.