Chapman Investment Management LLC Sells 135 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Chapman Investment Management LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,537 shares of the transportation company’s stock after selling 135 shares during the period. Expeditors International of Washington makes up approximately 2.0% of Chapman Investment Management LLC’s holdings, making the stock its 18th biggest position. Chapman Investment Management LLC’s holdings in Expeditors International of Washington were worth $2,612,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXPD. Invesco Ltd. lifted its holdings 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 acquiring an additional 273,388 shares during the period. Northern Trust Corp lifted its holdings 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 acquiring an additional 159,712 shares during the period. Morgan Stanley lifted its holdings 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 acquiring an additional 96,787 shares during the period. Barclays PLC lifted its holdings 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 acquiring an additional 55,062 shares during the period. Finally, Assetmark Inc. lifted its holdings 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 acquiring an additional 7,003 shares during the period. 94.02% of the stock is owned by institutional investors.

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 the firm’s stock in a transaction dated Thursday, March 7th. The shares were 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD traded up $0.15 during midday trading on Friday, hitting $113.30. The company had a trading volume of 1,051,189 shares, compared to its average volume of 1,120,039. The company has a market capitalization of $16.08 billion, a PE ratio of 22.63, a P/E/G ratio of 8.36 and a beta of 0.99. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The firm’s 50-day simple moving average is $118.56 and its 200-day simple moving average is $120.50.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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). The company 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%. The company’s revenue 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. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus increased 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. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research report on Thursday, January 11th. Finally, 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 target price for the company. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $108.63.

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.