Headlands Technologies LLC Acquires 1,447 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Headlands Technologies LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,838 shares of the transportation company’s stock after purchasing an additional 1,447 shares during the quarter. Headlands Technologies LLC’s holdings in Expeditors International of Washington were worth $615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Expeditors International of Washington by 11.2% in the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after acquiring an additional 273,388 shares in the last quarter. Northern Trust Corp raised its holdings in Expeditors International of Washington by 7.9% in the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after purchasing an additional 159,712 shares in the last quarter. Morgan Stanley raised its holdings in Expeditors International of Washington by 5.3% in the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock worth $220,524,000 after purchasing an additional 96,787 shares in the last quarter. Barclays PLC raised its holdings in Expeditors International of Washington by 5.3% in the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after purchasing an additional 55,062 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Expeditors International of Washington by 0.8% during the third quarter. Assetmark Inc. now owns 890,119 shares of the transportation company’s stock worth $102,034,000 after acquiring an additional 7,003 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on 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. JPMorgan Chase & Co. upped their target price 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. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Thursday, January 11th. Finally, Bank of America started coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 target price on the stock. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.63.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.15 during trading hours on Friday, reaching $113.30. 1,051,189 shares of the stock were exchanged, compared to its average volume of 1,120,039. The stock has a market cap of $16.08 billion, a P/E ratio of 22.66, a P/E/G ratio of 8.36 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The firm’s 50 day moving average is $118.56 and its 200 day moving average is $120.50.

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 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 for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

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.