Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 705.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,978 shares of the transportation company’s stock after acquiring an additional 4,360 shares during the period. Larson Financial Group LLC’s holdings in Expeditors International of Washington were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. International Assets Investment Management LLC raised its holdings in Expeditors International of Washington by 7.0% during the third quarter. International Assets Investment Management LLC now owns 2,552 shares of the transportation company’s stock worth $290,000 after purchasing an additional 166 shares in the last quarter. CWM LLC increased its holdings in shares of Expeditors International of Washington by 8.2% in the third quarter. CWM LLC now owns 8,342 shares of the transportation company’s stock valued at $956,000 after buying an additional 635 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Expeditors International of Washington by 13.8% in the third quarter. Global Retirement Partners LLC now owns 858 shares of the transportation company’s stock valued at $99,000 after buying an additional 104 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Expeditors International of Washington in the third quarter valued at $303,000. Finally, UMB Bank n.a. increased its holdings in shares of Expeditors International of Washington by 3.0% in the third quarter. UMB Bank n.a. now owns 4,266 shares of the transportation company’s stock valued at $489,000 after buying an additional 125 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Thursday, January 11th. JPMorgan Chase & Co. boosted their target price 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. 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 target price on the stock. Finally, Stifel Nicolaus boosted 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 note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $108.63.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s 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 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Down 0.8 %

Expeditors International of Washington stock opened at $113.17 on Wednesday. The company’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $120.62. Expeditors International of Washington, Inc. has a 12 month low of $106.43 and a 12 month high of $131.17. The stock has a market cap of $16.06 billion, a P/E ratio of 22.82, a P/E/G ratio of 8.43 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS 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 company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The company’s revenue was down 33.8% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 earnings per share 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.