Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,274 shares of the transportation company’s stock after purchasing an additional 689 shares during the period. Marks Group Wealth Management Inc’s holdings in Expeditors International of Washington were worth $6,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $35,000. BKM Wealth Management LLC bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $37,000. Planned Solutions Inc. acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $37,000. Fortitude Family Office LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $49,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.8 %

EXPD stock opened at $113.17 on Wednesday. The stock has a market cap of $16.06 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 8.43 and a beta of 0.99. The firm’s 50-day simple moving average is $119.29 and its 200 day simple moving average is $120.62. Expeditors International of Washington, Inc. has a fifty-two week low of $106.43 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate 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 net margin of 8.10% and a return on equity of 28.43%. Expeditors International of Washington’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. Equities analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Bank of America began coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus increased their price objective 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 equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $108.63.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.