Xponance Inc. Sells 732 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Xponance Inc. decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,030 shares of the transportation company’s stock after selling 732 shares during the quarter. Xponance Inc.’s holdings in Expeditors International of Washington were worth $2,675,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Expeditors International of Washington by 11.2% during the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after buying an additional 273,388 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Expeditors International of Washington by 8,732.2% during the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after buying an additional 222,846 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Expeditors International of Washington by 36.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock worth $75,375,000 after buying an additional 176,270 shares in the last quarter. Northern Trust Corp lifted its position in shares of Expeditors International of Washington by 7.9% during the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after buying an additional 159,712 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $14,503,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EXPD shares. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Bank of America started coverage on shares of 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. raised their price target on shares of 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 lowered shares of 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 analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $108.63.

Expeditors International of Washington Trading Down 0.5 %

Expeditors International of Washington stock opened at $114.03 on Tuesday. Expeditors International of Washington, Inc. has a 1-year low of $106.43 and a 1-year high of $131.17. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 8.47 and a beta of 0.99. The firm has a 50 day simple moving average of $119.54 and a 200 day simple moving average of $120.63.

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 for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was down 33.8% on a year-over-year basis. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 7th. The shares were 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 directly owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is 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.