Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,632 shares of the transportation company’s stock after purchasing an additional 1,452 shares during the quarter. Vontobel Holding Ltd.’s holdings in Expeditors International of Washington were worth $4,151,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EXPD. First Horizon Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 53.8% during the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after purchasing an additional 92 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth $29,000. CVA Family Office LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth $35,000. Clear Street Markets LLC lifted its stake in shares of Expeditors International of Washington by 95.0% during the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after purchasing an additional 153 shares during the period. Finally, Covestor Ltd raised its position in shares of Expeditors International of Washington by 103.6% in the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $114.38 on Thursday. The business’s 50-day moving average is $120.29 and its two-hundred day moving average is $120.59. Expeditors International of Washington, Inc. has a 12 month low of $106.43 and a 12 month high of $131.17. The firm has a market capitalization of $16.23 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 8.62 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data 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 net margin of 8.10% and a return on equity of 28.43%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business earned $1.38 earnings per share. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. 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. 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, Stifel Nicolaus increased their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Three 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, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $108.63.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

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.