Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,170 shares of the transportation company’s stock after selling 2,380 shares during the period. Daiwa Securities Group Inc.’s holdings in Expeditors International of Washington were worth $1,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPD. SVB Wealth LLC grew its stake in Expeditors International of Washington by 14.1% in the fourth quarter. SVB Wealth LLC now owns 3,732 shares of the transportation company’s stock worth $475,000 after purchasing an additional 462 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock valued at $1,798,000 after acquiring an additional 80 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Expeditors International of Washington by 4.7% in the 4th quarter. Vontobel Holding Ltd. now owns 32,632 shares of the transportation company’s stock valued at $4,151,000 after acquiring an additional 1,452 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $900,000. Finally, Louisiana State Employees Retirement System bought a new position in Expeditors International of Washington during the fourth quarter worth $1,119,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $114.03 on Tuesday. 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 capitalization of $16.18 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 8.47 and a beta of 0.99. The firm has a 50 day simple moving average of $119.54 and a 200-day simple moving average of $120.63.

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 (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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. On average, analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. 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. BNP Paribas cut shares of 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. JPMorgan Chase & Co. raised their price target 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. Finally, Bank of America initiated 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.63.

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.