GAMMA Investing LLC Acquires 489 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

GAMMA Investing LLC lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.4% during the second quarter, HoldingsChannel reports. The firm owned 3,010 shares of the transportation company’s stock after purchasing an additional 489 shares during the period. GAMMA Investing LLC’s holdings in Expeditors International of Washington were worth $376,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the first quarter valued at about $25,000. Optiver Holding B.V. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $27,000. ORG Partners LLC raised its position in shares of Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares during the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $55,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Expeditors International of Washington in the 1st quarter worth approximately $78,000. 94.02% of the stock is currently owned by institutional investors.

Insider Activity

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXPD shares. Bank of America increased their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Robert W. Baird raised their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. TD Cowen lifted their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research report on Thursday. Finally, Susquehanna boosted their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Stock Down 1.6 %

EXPD stock traded down $1.98 on Monday, reaching $121.15. 770,001 shares of the company’s stock were exchanged, compared to its average volume of 1,292,014. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The firm has a market cap of $17.11 billion, a PE ratio of 26.09, a P/E/G ratio of 5.39 and a beta of 0.98. The stock has a fifty day moving average of $123.17 and a 200-day moving average of $121.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $1.45 EPS. Expeditors International of Washington’s revenue was down 14.9% on a year-over-year basis. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 4.99 EPS for the current fiscal year.

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.