DNB Asset Management AS Has $3.65 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

DNB Asset Management AS lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,708 shares of the transportation company’s stock after selling 4,582 shares during the quarter. DNB Asset Management AS’s holdings in Expeditors International of Washington were worth $3,652,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. raised its stake in 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. acquired a new stake in Expeditors International of Washington in the 3rd quarter worth about $29,000. Clear Street Markets LLC increased its holdings in 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 valued at $35,000 after buying an additional 153 shares during the period. Covestor Ltd increased its holdings in Expeditors International of Washington by 103.6% in the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after buying an additional 174 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Expeditors International of Washington by 46.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 521 shares of the transportation company’s stock valued at $57,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $117.27 on Tuesday. The company has a market capitalization of $16.88 billion, a P/E ratio of 23.45 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52-week low of $102.89 and a 52-week high of $131.17. The company’s 50 day moving average price is $124.00 and its 200-day moving average price is $120.16.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Analysts forecast that Expeditors International of Washington, Inc. will post 4.7 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of Expeditors International of Washington in a report on Friday. They issued a “neutral” rating and a $126.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating on the stock in a report on Tuesday, January 9th. 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 report on Wednesday, January 10th. Finally, 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 report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.75.

Get Our Latest Research Report on EXPD

Expeditors International of Washington Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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