Delta Financial Advisors LLC Sells 638 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Delta Financial Advisors LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,063 shares of the transportation company’s stock after selling 638 shares during the quarter. Expeditors International of Washington accounts for approximately 1.3% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Delta Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $2,934,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Expeditors International of Washington by 53.8% during the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after buying an additional 92 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Expeditors International of Washington during the third quarter worth about $29,000. CVA Family Office LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth about $35,000. Clear Street Markets LLC grew its stake in shares of Expeditors International of Washington by 95.0% during the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 153 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Expeditors International of Washington by 103.6% during the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 174 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.6 %

NASDAQ EXPD traded up $0.64 during trading hours on Thursday, hitting $114.98. The company’s stock had a trading volume of 208,511 shares, compared to its average volume of 1,139,033. The stock has a fifty day moving average of $120.29 and a 200 day moving average of $120.59. Expeditors International of Washington, Inc. has a twelve month low of $106.43 and a twelve month high of $131.17. The firm has a market capitalization of $16.31 billion, a P/E ratio of 23.13, a PEG ratio of 8.54 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The company’s quarterly revenue was down 33.8% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. BNP Paribas cut shares of 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 note on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on shares of 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, Stifel Nicolaus increased their price target on shares of 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. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.63.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the 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 sale, 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. 0.69% of the stock is currently owned by company insiders.

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.