JPMorgan Chase & Co. Raises Position in Expeditors International of Washington, Inc. $EXPD

JPMorgan Chase & Co. grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,112,648 shares of the transportation company’s stock after purchasing an additional 91,759 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.83% of Expeditors International of Washington worth $136,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares during the last quarter. Woodline Partners LP grew its position in Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after buying an additional 1,324 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Expeditors International of Washington by 24.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,416 shares of the transportation company’s stock worth $279,000 after buying an additional 477 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on EXPD shares. TD Cowen lifted their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Morgan Stanley lifted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Barclays increased their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Stock Up 3.8%

NASDAQ EXPD opened at $156.42 on Friday. The company has a market cap of $20.96 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19. The firm’s 50-day simple moving average is $156.18 and its two-hundred day simple moving average is $137.72.

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.