Daiichi Life Insurance Co. Ltd. Takes $922,000 Position in Expeditors International of Washington, Inc. $EXPD

Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, HoldingsChannel.com reports. The firm purchased 5,657 shares of the transportation company’s stock, valued at approximately $922,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington in the 4th quarter worth $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $32,000. Finally, Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter worth about $33,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on EXPD shares. Barclays boosted their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Truist Financial raised their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Bank of America lifted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $187.92 on Tuesday. The firm has a fifty day moving average of $173.50 and a two-hundred day moving average of $158.90. The firm has a market cap of $24.43 billion, a P/E ratio of 32.85, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current 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.