Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Position Lifted by SVB Wealth LLC

SVB Wealth LLC grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,732 shares of the transportation company’s stock after buying an additional 462 shares during the quarter. SVB Wealth LLC’s holdings in Expeditors International of Washington were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Capital Analysts LLC lifted its holdings in Expeditors International of Washington by 0.6% during the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after buying an additional 80 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Expeditors International of Washington by 4.7% in the 4th quarter. Vontobel Holding Ltd. now owns 32,632 shares of the transportation company’s stock worth $4,151,000 after purchasing an additional 1,452 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $900,000. Louisiana State Employees Retirement System bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $1,119,000. Finally, MV Capital Management Inc. lifted its holdings in shares of Expeditors International of Washington by 2.2% in the 4th quarter. MV Capital Management Inc. now owns 19,239 shares of the transportation company’s stock worth $2,447,000 after purchasing an additional 422 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $114.61 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17. The stock has a market cap of $16.26 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 8.48 and a beta of 0.99. The business’s fifty day moving average is $119.78 and its 200-day moving average is $120.60.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent research reports. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Thursday, January 11th. Bank of America initiated coverage on Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Stifel Nicolaus raised their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price 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. 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.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington 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 transaction, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by 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.