Marks Group Wealth Management Inc Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marks Group Wealth Management Inc increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,274 shares of the transportation company’s stock after acquiring an additional 689 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Expeditors International of Washington were worth $6,140,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. increased its stake in Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after acquiring an additional 273,388 shares during the last quarter. International Assets Investment Management LLC increased its position in Expeditors International of Washington by 8,732.2% in the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after purchasing an additional 222,846 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Expeditors International of Washington by 36.6% during the third quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock valued at $75,375,000 after purchasing an additional 176,270 shares in the last quarter. Northern Trust Corp raised its stake in Expeditors International of Washington by 7.9% during the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after purchasing an additional 159,712 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in Expeditors International of Washington during the third quarter valued at $14,503,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. 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 report on Tuesday, April 9th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. 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. Finally, Bank of America assumed coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $108.63.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $113.17 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $106.43 and a one year high of $131.17. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 8.43 and a beta of 0.99. The company’s 50-day simple moving average is $119.29 and its two-hundred day simple moving average is $120.62.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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 return on equity of 28.43% and a net margin of 8.10%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business posted $1.38 EPS. Expeditors International of Washington’s revenue was down 33.8% compared to the same quarter last year. Equities analysts expect that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’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 owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by corporate 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.