Alphasimplex Group LLC Sells 806 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alphasimplex Group LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,190 shares of the transportation company’s stock after selling 806 shares during the period. Expeditors International of Washington makes up 1.0% of Alphasimplex Group LLC’s portfolio, making the stock its 16th largest position. Alphasimplex Group LLC’s holdings in Expeditors International of Washington were worth $2,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BDO Wealth Advisors LLC increased its stake in Expeditors International of Washington by 996.2% during the 1st quarter. BDO Wealth Advisors LLC now owns 285 shares of the transportation company’s stock worth $31,000 after purchasing an additional 259 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Expeditors International of Washington during the first quarter worth $32,000. Sargent Bickham Lagudis LLC increased its position in shares of Expeditors International of Washington by 150.0% during the first quarter. Sargent Bickham Lagudis LLC now owns 375 shares of the transportation company’s stock worth $40,000 after acquiring an additional 225 shares in the last quarter. Berman Capital Advisors LLC lifted its position in Expeditors International of Washington by 25.9% in the 1st quarter. Berman Capital Advisors LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 90 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Expeditors International of Washington by 193.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 455 shares of the transportation company’s stock worth $58,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 91.92% of the company’s stock.

In related news, VP Jeffrey F. Dickerman sold 340 shares of the company’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $126.11, for a total value of $42,877.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher J. Mcclincy sold 8,200 shares of the company’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $126.03, for a total transaction of $1,033,446.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,816 shares of company stock worth $1,111,389. 0.69% of the stock is owned by insiders.

EXPD has been the subject of several recent research reports. Vertical Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Monday, July 26th. Morgan Stanley raised their price target on shares of Expeditors International of Washington from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 8th. Wells Fargo & Company lifted their price objective on shares of Expeditors International of Washington from $123.00 to $131.00 and gave the company an “equal weight” rating in a report on Tuesday, July 13th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a report on Monday, August 9th. Finally, Barclays lifted their price target on shares of Expeditors International of Washington from $96.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday, August 30th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.00.

NASDAQ:EXPD traded up $1.14 on Thursday, hitting $124.18. 8,033 shares of the company’s stock were exchanged, compared to its average volume of 1,098,940. The firm has a 50-day moving average price of $124.99 and a 200-day moving average price of $119.21. Expeditors International of Washington, Inc. has a 52 week low of $85.01 and a 52 week high of $130.76. The company has a market cap of $21.10 billion, a P/E ratio of 21.25 and a beta of 0.79.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 3rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.21. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Expeditors International of Washington had a net margin of 7.88% and a return on equity of 35.71%. Expeditors International of Washington’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Research analysts anticipate that Expeditors International of Washington, Inc. will post 6.59 earnings per share for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Further Reading: Forex

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

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