Swiss National Bank Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Swiss National Bank trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,600 shares of the transportation company's stock after selling 26,900 shares during the quarter. Swiss National Bank owned approximately 0.32% of Expeditors International of Washington worth $59,097,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $35,000. BKM Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $37,000. Planned Solutions Inc. purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $37,000. Fortitude Family Office LLC purchased a new position in Expeditors International of Washington during the 4th quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $49,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the business's stock in a transaction on 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 transaction, the vice president now owns 5,728 shares of the company's stock, valued at approximately $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, April 9th. 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 note on Thursday, January 11th. 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. Finally, Bank of America assumed coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a "neutral" rating and a $126.00 price target for the company. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $110.57.

Expeditors International of Washington Stock Performance

EXPD traded up $0.56 during trading on Monday, reaching $115.52. 2,205,489 shares of the company's stock were exchanged, compared to its average volume of 1,221,885. The company's fifty day moving average price is $117.91 and its 200-day moving average price is $120.37. The firm has a market capitalization of $16.39 billion, a PE ratio of 22.99, a P/E/G ratio of 8.49 and a beta of 1.00. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $1.38 earnings per share. The firm's revenue for the quarter was down 33.8% on a year-over-year basis. Research analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

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.