Sequoia Financial Advisors LLC Buys Shares of 5,255 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sequoia Financial Advisors LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,255 shares of the transportation company’s stock, valued at approximately $668,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in Expeditors International of Washington by 53.8% during the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after buying an additional 92 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at $29,000. CVA Family Office LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at $35,000. Clear Street Markets LLC grew its stake in Expeditors International of Washington by 95.0% during the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after purchasing an additional 153 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Expeditors International of Washington by 103.6% during the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.8 %

Shares of Expeditors International of Washington stock opened at $116.67 on Tuesday. The company has a fifty day simple moving average of $120.76 and a 200-day simple moving average of $120.63. The stock has a market cap 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 12-month low of $106.43 and a 12-month 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). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company earned $1.38 EPS. The business’s revenue was down 33.8% on a year-over-year basis. On average, analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.