Bleakley Financial Group LLC Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bleakley Financial Group LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,156 shares of the transportation company’s stock after selling 239 shares during the period. Bleakley Financial Group LLC’s holdings in Expeditors International of Washington were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMPACTfolio LLC lifted its stake in Expeditors International of Washington by 4.4% in the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock valued at $248,000 after buying an additional 82 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after buying an additional 92 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its stake in Expeditors International of Washington by 2.2% in the third quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock valued at $505,000 after buying an additional 94 shares during the last quarter. Wealthsource Partners LLC lifted its stake in Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock valued at $376,000 after buying an additional 95 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Expeditors International of Washington by 0.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,470 shares of the transportation company’s stock valued at $1,659,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $116.67 on Tuesday. The stock has a fifty day moving average price of $120.76 and a two-hundred day moving average price of $120.63. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 8.69 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.12). The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Bank of America assumed coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Finally, BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.63.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

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.