Victory Capital Management Inc. Has $34.86 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Victory Capital Management Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,060 shares of the transportation company’s stock after acquiring an additional 1,813 shares during the period. Victory Capital Management Inc. owned about 0.19% of Expeditors International of Washington worth $34,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $35,000. BKM Wealth Management LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $37,000. Planned Solutions Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $37,000. Fortitude Family Office LLC acquired a new stake in Expeditors International of Washington in the 4th 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. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $115.52 on Tuesday. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 8.49 and a beta of 1.00. The company has a 50-day simple moving average of $117.84 and a 200 day simple moving average of $120.38. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its 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). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research note on Thursday, January 11th. Stifel Nicolaus lifted 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 note on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price objective 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 initiated coverage on shares of 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. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.57.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The shares were 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 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 Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

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.