Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Keel Point LLC

Keel Point LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,943 shares of the transportation company’s stock after selling 298 shares during the quarter. Keel Point LLC’s holdings in Expeditors International of Washington were worth $3,809,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXPD. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $133,106,000. Renaissance Technologies LLC boosted its position in shares of Expeditors International of Washington by 1,025.5% in the 1st quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after purchasing an additional 902,600 shares during the period. Select Equity Group L.P. boosted its position in shares of Expeditors International of Washington by 388.0% in the 4th quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock valued at $69,644,000 after purchasing an additional 532,835 shares during the period. Bank of America Corp DE raised its stake in Expeditors International of Washington by 16.2% during the 1st quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock valued at $385,481,000 after acquiring an additional 488,561 shares during the last quarter. Finally, Invesco Ltd. raised its stake in 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 valued at $311,208,000 after acquiring an additional 273,388 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on EXPD. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research note on Thursday, January 11th. Stifel Nicolaus upped 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. JPMorgan Chase & Co. upped their price objective 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. Finally, Bank of America began coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $108.63.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded down $0.83 during trading hours on Monday, reaching $116.82. 687,589 shares of the company’s stock were exchanged, compared to its average volume of 1,144,286. The company has a market cap of $16.57 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 8.69 and a beta of 0.99. The company’s 50 day moving average is $120.92 and its two-hundred day moving average is $120.61. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17.

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 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 during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. As a group, analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by company insiders.

Expeditors International of Washington 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.