Korea Investment CORP Purchases 14,855 Shares of Expeditors International of Washington, Inc. $EXPD

Korea Investment CORP increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 28.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,908 shares of the transportation company’s stock after buying an additional 14,855 shares during the quarter. Korea Investment CORP owned about 0.05% of Expeditors International of Washington worth $8,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $111,222,000. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after purchasing an additional 335,578 shares in the last quarter. American Century Companies Inc. grew its position in Expeditors International of Washington by 48.0% in the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after purchasing an additional 118,114 shares during the period. Baird Financial Group Inc. grew its position in Expeditors International of Washington by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after purchasing an additional 92,222 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Expeditors International of Washington by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,112,648 shares of the transportation company’s stock valued at $136,403,000 after purchasing an additional 91,759 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research reports. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Susquehanna lowered their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Barclays raised 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. Finally, Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Trading Down 0.4%

EXPD stock opened at $140.80 on Thursday. The stock has a market cap of $18.80 billion, a P/E ratio of 24.61, a P/E/G ratio of 5.00 and a beta of 1.15. The stock’s fifty day simple moving average is $154.48 and its two-hundred day simple moving average is $140.02. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share 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.