Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Boosted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 53,225.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,658 shares of the transportation company’s stock after purchasing an additional 58,548 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Expeditors International of Washington were worth $7,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $35,000. BKM Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Planned Solutions Inc. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Fortitude Family Office LLC acquired a new stake in Expeditors International of Washington in the 4th quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of a number of research reports. 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 research report on Tuesday, April 9th. BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, Bank of America started coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $108.63.

Expeditors International of Washington Trading Up 0.9 %

Shares of EXPD traded up $1.07 during trading hours on Friday, hitting $114.98. 1,541,376 shares of the stock traded hands, compared to its average volume of 1,210,449. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The firm has a market capitalization of $16.31 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 8.27 and a beta of 1.00. The business has a fifty day moving average of $118.01 and a 200-day moving average of $120.38.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share 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 period in the previous year, the company posted $1.38 EPS. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company’s stock.

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.