Stonebrook Private Inc. Invests $3.20 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Stonebrook Private Inc. purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,162 shares of the transportation company’s stock, valued at approximately $3,201,000. Expeditors International of Washington makes up about 1.1% of Stonebrook Private Inc.’s investment portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. CVA Family Office LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $35,000. BKM Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $37,000. Fortitude Family Office LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at approximately $49,000. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’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 transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of analyst reports. BNP Paribas cut 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 research report on Thursday, January 11th. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Stifel Nicolaus raised their target price on shares of 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 initiated coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target 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, the company currently has a consensus rating of “Hold” and an average price target of $108.63.

Expeditors International of Washington Trading Up 0.1 %

Shares of EXPD stock traded up $0.15 during trading hours on Friday, reaching $113.30. 1,051,189 shares of the company’s stock were exchanged, compared to its average volume of 1,120,039. The stock has a market cap of $16.08 billion, a PE ratio of 22.66, a PEG ratio of 8.37 and a beta of 0.99. The stock’s fifty day moving average price is $118.56 and its two-hundred day moving average price is $120.51. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the business posted $1.38 EPS. The company’s quarterly revenue was down 33.8% on a year-over-year basis. On average, equities analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

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.