Summit Trail Advisors LLC Purchases 11,000 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Summit Trail Advisors LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,420 shares of the transportation company’s stock after buying an additional 11,000 shares during the period. Expeditors International of Washington accounts for about 1.6% of Summit Trail Advisors LLC’s portfolio, making the stock its 10th biggest holding. Summit Trail Advisors LLC owned approximately 0.25% of Expeditors International of Washington worth $46,990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. CVA Family Office LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $35,000. BKM Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at $37,000. Planned Solutions Inc. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $37,000. Fortitude Family Office LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth $38,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth approximately $49,000. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price 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. 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 on the stock. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. increased their price objective 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. Three investment 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, Expeditors International of Washington has an average rating of “Hold” and an average price target of $110.57.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded up $0.35 during trading on Tuesday, reaching $115.99. The stock had a trading volume of 385,368 shares, compared to its average volume of 1,212,051. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The company has a market cap of $16.46 billion, a P/E ratio of 23.10, a PEG ratio of 8.49 and a beta of 1.00. The business’s 50-day moving average price is $117.84 and its 200-day moving average price is $120.38.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.09 by $0.08. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

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.