Axxcess Wealth Management LLC Buys New Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Axxcess Wealth Management LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,277 shares of the transportation company’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CVA Family Office LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at $35,000. BKM Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $37,000. Planned Solutions Inc. acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $37,000. Fortitude Family Office LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 1.7 %

Shares of EXPD opened at $116.84 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The business’s 50 day moving average is $117.72 and its 200 day moving average is $120.35. The company has a market capitalization of $16.58 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was down 14.9% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America began 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. 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 note on Thursday, January 11th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday. Susquehanna upped their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $112.13.

Insider Activity at Expeditors International of Washington

In other 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 completion of the transaction, 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 accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

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.