Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,841 shares of the transportation company’s stock after selling 726 shares during the quarter. Expeditors International of Washington accounts for approximately 0.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 28th biggest position. Everett Harris & Co. CA owned 0.23% of Expeditors International of Washington worth $41,829,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Expeditors International of Washington by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock valued at $2,338,000 after acquiring an additional 1,404 shares in the last quarter. Sei Investments Co. increased its holdings in Expeditors International of Washington by 6.7% during the 1st quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock worth $13,801,000 after purchasing an additional 8,438 shares during the period. National Pension Service raised its position in Expeditors International of Washington by 4.9% in the 1st quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after purchasing an additional 13,608 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Expeditors International of Washington by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after buying an additional 190,319 shares during the period. Finally, Zions Bancorporation N.A. grew its position in shares of Expeditors International of Washington by 234.3% during the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after buying an additional 403 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BNP Paribas downgraded 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. JPMorgan Chase & Co. lowered their target price on shares of Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a research note on Tuesday, January 9th. Stifel Nicolaus raised their price target 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, Bank of America initiated coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $108.75.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded up $1.30 during mid-day trading on Wednesday, hitting $121.24. 649,443 shares of the stock were exchanged, compared to its average volume of 1,193,261. Expeditors International of Washington, Inc. has a 12-month low of $104.47 and a 12-month high of $131.17. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 8.94 and a beta of 0.99. The stock’s fifty day simple moving average is $123.05 and its two-hundred day simple moving average is $120.35.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 EPS. On average, research analysts expect that Expeditors International of Washington, Inc. will post 4.71 earnings per share for the current fiscal year.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction 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 transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.