Axxcess Wealth Management LLC Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Axxcess Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,277 shares of the transportation company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPD. Versor Investments LP increased its holdings in shares of Expeditors International of Washington by 12.8% in the 3rd quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock worth $608,000 after buying an additional 600 shares during the last quarter. Boston Trust Walden Corp raised its position in Expeditors International of Washington by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after purchasing an additional 13,811 shares in the last quarter. Stonebrook Private Inc. purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $3,201,000. Achmea Investment Management B.V. lifted its stake in Expeditors International of Washington by 4.2% during the third quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock worth $16,983,000 after purchasing an additional 5,967 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Expeditors International of Washington by 5.3% in the 3rd quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after purchasing an additional 55,062 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 1.7 %

Shares of NASDAQ EXPD opened at $116.84 on Thursday. The firm has a fifty day simple moving average of $117.72 and a two-hundred day simple moving average of $120.35. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The firm has a market capitalization of $16.58 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 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 was down 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Insider Activity

In other 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 sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday. 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. Bank of America started 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. BNP Paribas lowered 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 report on Thursday, January 11th. Finally, JPMorgan Chase & Co. boosted their price objective on 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. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $112.13.

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.