Moss Adams Wealth Advisors LLC Purchases Shares of 1,693 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Moss Adams Wealth Advisors LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,693 shares of the transportation company’s stock, valued at approximately $215,000.

Several other hedge funds have also made changes to their positions in EXPD. Invesco Ltd. raised its holdings in 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 buying an additional 273,388 shares during the period. Northern Trust Corp raised its position in shares of Expeditors International of Washington by 7.9% in the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after purchasing an additional 159,712 shares during the period. Morgan Stanley lifted its position in Expeditors International of Washington by 5.3% during the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock worth $220,524,000 after acquiring an additional 96,787 shares during the last quarter. Barclays PLC increased its holdings in shares of Expeditors International of Washington by 5.3% during the third 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 during the period. Finally, Assetmark Inc. raised its stake in Expeditors International of Washington by 0.8% in the third quarter. Assetmark Inc. now owns 890,119 shares of the transportation company’s stock valued at $102,034,000 after purchasing an additional 7,003 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Expeditors International of Washington Trading Up 1.7 %

Shares of NASDAQ:EXPD traded up $1.94 on Wednesday, reaching $116.84. 1,453,172 shares of the company were exchanged, compared to its average volume of 1,235,481. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 8.49 and a beta of 1.00. The company has a 50-day moving average of $117.76 and a 200-day moving average of $120.38. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company’s revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXPD. Bank of America began 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 objective for the company. Susquehanna boosted their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted 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 research note on Tuesday, April 9th. Stifel Nicolaus increased their price target on shares of 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. Finally, BNP Paribas cut 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 report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $112.13.

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.