Chapman Investment Management LLC Acquires 6,858 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Chapman Investment Management LLC boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 57.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,855 shares of the transportation company’s stock after buying an additional 6,858 shares during the quarter. Expeditors International of Washington accounts for approximately 1.8% of Chapman Investment Management LLC’s holdings, 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.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPD. Crewe Advisors LLC purchased a new stake in Expeditors International of Washington during the first quarter valued at $25,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $35,000. ORG Partners LLC lifted its stake in shares of Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington in the second quarter worth approximately $52,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America boosted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their price objective for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $119.02 on Friday. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 5.05 and a beta of 0.97. The business has a 50 day simple moving average of $122.62 and a 200-day simple moving average of $121.11. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

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.