Swiss National Bank Sells 26,900 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Swiss National Bank cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 464,600 shares of the transportation company’s stock after selling 26,900 shares during the period. Swiss National Bank’s holdings in Expeditors International of Washington were worth $59,097,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Invesco Ltd. increased its holdings in Expeditors International of Washington by 11.2% in the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares in the last quarter. International Assets Investment Management LLC grew 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 during the period. Envestnet Asset Management Inc. increased its stake in shares of Expeditors International of Washington by 36.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock valued at $75,375,000 after acquiring 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 valued at $251,275,000 after acquiring an additional 159,712 shares during the period. Finally, QRG Capital Management Inc. bought a new position in Expeditors International of Washington during the third quarter worth $14,503,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Thursday, January 11th. Bank of America initiated 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 on the stock. Stifel Nicolaus raised their price objective on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $110.57.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $114.96 on Monday. The firm has a market capitalization of $16.31 billion, a P/E ratio of 22.99, a P/E/G ratio of 8.49 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The stock has a 50 day moving average price of $117.91 and a two-hundred day moving average price of $120.35.

Expeditors International of Washington (NASDAQ:EXPD) last posted its 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 return on equity of 28.43% and a net margin of 8.10%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The business’s revenue was down 33.8% compared to the same quarter last year. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Expeditors International of Washington Company Profile

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.