Russell Investments Group Ltd. Sells 4,742 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Russell Investments Group Ltd. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,918 shares of the transportation company’s stock after selling 4,742 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Expeditors International of Washington worth $26,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. Capital Analysts LLC grew its stake 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 worth $1,798,000 after acquiring an additional 80 shares in the last quarter. IMPACTfolio LLC grew its stake in shares of Expeditors International of Washington by 4.4% in the 4th quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after acquiring an additional 82 shares in the last quarter. Blackhawk Capital Partners LLC. grew its stake in shares of Expeditors International of Washington by 2.2% in the 3rd 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 in the last quarter. Wealthsource Partners LLC grew its stake in shares of Expeditors International of Washington by 3.3% in the 4th quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after acquiring an additional 95 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Expeditors International of Washington by 0.7% in the 3rd 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 in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other 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 $702,424.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXPD shares. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Thursday, January 11th. Stifel Nicolaus increased 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. JPMorgan Chase & Co. increased their price target on shares of 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, Bank of America assumed coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $108.63.

Expeditors International of Washington Stock Up 0.7 %

NASDAQ EXPD opened at $112.04 on Thursday. The company has a market cap of $15.90 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 8.41 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 simple moving average is $118.27 and its two-hundred day simple moving average is $120.48.

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

Expeditors International of Washington Company 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.