Expeditors InternationalEXPD
About: Expeditors International of Washington is a non-asset-based third-party logistics provider, focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. Expeditors derives around 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Employees: 18,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
11% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 76
1% more funds holding
Funds holding: 790 [Q1] → 798 (+8) [Q2]
4% less capital invested
Capital invested by funds: $16.7B [Q1] → $16.1B (-$602M) [Q2]
4.25% less ownership
Funds ownership: 95.66% [Q1] → 91.41% (-4.25%) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 334
18% less call options, than puts
Call options by funds: $64M | Put options by funds: $77.6M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
TD Cowen Jason Seidl 65% 1-year accuracy 11 / 17 met price target | 13%downside $106 | Sell Downgraded | 14 Oct 2024 |
UBS Thomas Wadewitz 64% 1-year accuracy 9 / 14 met price target | 13%upside $137 | Neutral Upgraded | 1 Aug 2024 |
B of A Securities Ken Hoexter 50% 1-year accuracy 20 / 40 met price target | 9%upside $132 | Neutral Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 6 articles about EXPD published over the past 30 days