MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 10,180 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1,027.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,171 shares of the transportation company’s stock after purchasing an additional 10,180 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Expeditors International of Washington were worth $1,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. Black Diamond Financial LLC grew its holdings in Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares during the period. SkyOak Wealth LLC boosted its holdings in shares of Expeditors International of Washington by 3.9% during the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after acquiring an additional 95 shares during the period. Blair William & Co. IL boosted its holdings in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after acquiring an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after acquiring an additional 104 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Expeditors International of Washington by 0.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after acquiring an additional 106 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EXPD shares. Bank of America boosted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price target for the company from $112.00 to $106.00 in a research note on Monday. Robert W. Baird boosted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $122.14 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59. The company has a market cap of $17.25 billion, a P/E ratio of 25.88, a P/E/G ratio of 5.51 and a beta of 0.97. The firm has a 50 day simple moving average of $122.56 and a two-hundred day simple moving average of $120.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal 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.