1,836 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Bought by Concentrum Wealth Management

Concentrum Wealth Management acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,836 shares of the transportation company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Analysts LLC raised its holdings in Expeditors International of Washington by 0.6% during the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after purchasing an additional 80 shares during the last quarter. IMPACTfolio LLC raised its holdings in shares of Expeditors International of Washington by 4.4% in the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after acquiring an additional 82 shares during the last quarter. Blackhawk Capital Partners LLC. raised its holdings in shares of Expeditors International of Washington by 2.2% in the third quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock worth $505,000 after acquiring an additional 94 shares during the last quarter. Wealthsource Partners LLC raised its holdings in shares of Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after acquiring an additional 95 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Expeditors International of Washington by 0.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,470 shares of the transportation company’s stock worth $1,659,000 after acquiring an additional 96 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EXPD shares. 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 report on Wednesday, January 10th. Bank of America assumed coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective for the company. JPMorgan Chase & Co. lifted 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. Finally, BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $108.63.

Expeditors International of Washington Trading Up 2.1 %

Shares of EXPD traded up $2.39 during midday trading on Thursday, reaching $114.38. 1,009,612 shares of the company were exchanged, compared to its average volume of 1,198,250. The stock has a 50-day moving average price of $118.15 and a 200-day moving average price of $120.42. The company has a market cap of $16.23 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 8.22 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released 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 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 quarter last year, the firm posted $1.38 EPS. The company’s revenue was down 33.8% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current 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.