Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Lowered by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,739 shares of the transportation company’s stock after selling 149 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Expeditors International of Washington were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 53.8% in 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 in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $35,000. Clear Street Markets LLC raised its holdings in shares of Expeditors International of Washington by 95.0% in 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 in the last quarter. Finally, Covestor Ltd raised its holdings 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 purchasing an additional 174 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

EXPD traded down $1.36 on Wednesday, reaching $114.31. 214,901 shares of the company traded hands, compared to its average volume of 1,140,551. The stock’s 50 day moving average price is $120.55 and its 200-day moving average price is $120.64. Expeditors International of Washington, Inc. has a 52-week low of $106.43 and a 52-week high of $131.17. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 8.62 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. BNP Paribas downgraded 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 research report on Thursday, January 11th. Stifel Nicolaus lifted their target price on shares of 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. Finally, Bank of America began 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 target price on the stock. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $108.63.

Insiders Place Their Bets

In other Expeditors International of Washington 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 completion of the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.