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

Unique Wealth Strategies LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,490 shares of the transportation company’s stock, valued at approximately $698,000.

Several other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. boosted its position in shares of Expeditors International of Washington by 11.2% during the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares in the last quarter. Northern Trust Corp boosted its position in shares of Expeditors International of Washington by 7.9% during the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after purchasing an additional 159,712 shares in the last quarter. Morgan Stanley boosted its position in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock worth $220,524,000 after purchasing an additional 96,787 shares in the last quarter. Barclays PLC raised its stake in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after buying an additional 55,062 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Expeditors International of Washington by 0.8% during the 3rd quarter. Assetmark Inc. now owns 890,119 shares of the transportation company’s stock worth $102,034,000 after buying an additional 7,003 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock traded up $0.15 during trading on Friday, hitting $113.30. The stock had a trading volume of 1,051,189 shares, compared to its average volume of 1,120,039. The company’s 50 day moving average price is $118.56 and its two-hundred day moving average price is $120.50. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 8.36 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the firm posted $1.38 EPS. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, sell-side 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

Several research analysts have recently issued reports on EXPD shares. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Finally, Bank of America started coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $108.63.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The stock was 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 owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by company 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.