Wendell David Associates Inc. reduced its position in Expeditors International of Washington (NASDAQ:EXPD) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,150 shares of the transportation company’s stock after selling 1,800 shares during the period. Wendell David Associates Inc.’s holdings in Expeditors International of Washington were worth $1,433,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its stake in shares of Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares in the last quarter. Merriman Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $208,000. Virtu Financial LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $212,000. Finally, Sigma Planning Corp acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $216,000. 93.65% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on EXPD. Credit Suisse Group upped their target price on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a research note on Tuesday. UBS Group upped their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Cowen restated a “market perform” rating and issued a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, November 9th. Finally, Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They issued a “neutral” rating and a $59.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.13.

In related news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.78% of the stock is owned by corporate insiders.

Expeditors International of Washington (EXPD) traded up $0.34 on Tuesday, reaching $66.73. 585,300 shares of the company traded hands, compared to its average volume of 1,000,589. The firm has a market capitalization of $11,680.00, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 3.14 and a beta of 0.72. Expeditors International of Washington has a 52-week low of $51.57 and a 52-week high of $66.83.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. Expeditors International of Washington’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. analysts anticipate that Expeditors International of Washington will post 2.41 EPS for the current fiscal year.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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