GSA Capital Partners LLP Purchases New Holdings in Expeditors International of Washington, Inc. $EXPD

GSA Capital Partners LLP acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,897 shares of the transportation company’s stock, valued at approximately $798,000.

A number of other hedge funds have also recently bought and sold shares of EXPD. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. increased its position in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EXPD shares. Susquehanna raised their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Bank of America boosted their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Truist Financial lifted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Trading Down 1.2%

EXPD opened at $186.08 on Wednesday. The stock has a market capitalization of $24.19 billion, a P/E ratio of 32.53, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.99. The firm’s fifty day simple moving average is $171.75 and its 200 day simple moving average is $158.19.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 earnings per share. On average, equities research analysts predict 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.