Mission Wealth Management LP Acquires 362 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mission Wealth Management LP boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,421 shares of the transportation company’s stock after acquiring an additional 362 shares during the period. Mission Wealth Management LP’s holdings in Expeditors International of Washington were worth $1,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP increased its stake in Expeditors International of Washington by 12.8% during the third quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 600 shares during the period. Boston Trust Walden Corp increased its stake in Expeditors International of Washington by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after acquiring an additional 13,811 shares during the period. Stonebrook Private Inc. bought a new position in Expeditors International of Washington during the fourth quarter valued at about $3,201,000. Achmea Investment Management B.V. increased its stake in Expeditors International of Washington by 4.2% during the third quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock valued at $16,983,000 after acquiring an additional 5,967 shares during the period. Finally, Barclays PLC increased its stake in Expeditors International of Washington by 5.3% during the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock valued at $125,370,000 after acquiring an additional 55,062 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $111.32 on Wednesday. The stock’s fifty day moving average price is $118.36 and its two-hundred day moving average price is $120.52. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 8.41 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its 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). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business’s revenue was down 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS 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 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 owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of several analyst reports. Bank of America initiated coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a report on Thursday, January 11th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $108.63.

Expeditors International of Washington Company 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.