J. Goldman & Co LP Makes New $12.87 Million Investment in Expeditors International of Washington, Inc. $EXPD

J. Goldman & Co LP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 78,955 shares of the transportation company’s stock, valued at approximately $12,868,000.

Several other large investors also recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $2,379,000. Canada Pension Plan Investment Board bought a new position in Expeditors International of Washington during the 2nd quarter worth about $40,002,000. Manatuck Hill Partners LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $489,000. Camrose Capital Investment Partners LLP acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $77,496,000. Finally, Legal & General Group Plc bought a new stake in shares of Expeditors International of Washington in the second quarter valued at about $125,395,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXPD. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. UBS Group boosted their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Citizens Jmp started coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Bank of America lifted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, TD Cowen boosted their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Trading Up 0.6%

NASDAQ EXPD opened at $188.90 on Wednesday. The firm has a market capitalization of $24.55 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm’s fifty day moving average price is $174.00 and its two-hundred day moving average price is $159.07. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

About Expeditors International of Washington

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.