Summit Trail Advisors LLC Has $46.99 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Summit Trail Advisors LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 369,420 shares of the transportation company's stock after purchasing an additional 11,000 shares during the period. Expeditors International of Washington makes up approximately 1.6% of Summit Trail Advisors LLC's holdings, making the stock its 10th largest position. Summit Trail Advisors LLC owned 0.25% of Expeditors International of Washington worth $46,990,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EXPD. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $35,000. BKM Wealth Management LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $37,000. Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter worth about $37,000. Fortitude Family Office LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at about $49,000. 94.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Expeditors International of Washington 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 value of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares of the company's stock, valued at $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company's stock.

Expeditors International of Washington Stock Down 0.7 %

EXPD stock traded down $0.81 during trading on Tuesday, hitting $114.83. The company had a trading volume of 2,222,453 shares, compared to its average volume of 1,233,254. The firm has a 50-day moving average price of $117.84 and a 200-day moving average price of $120.38. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.08. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm's quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. Equities analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America initiated coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a "neutral" rating and a $126.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $114.00 to $117.00 and gave the company a "hold" rating in a report on Wednesday, January 10th. BNP Paribas lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 target price on the stock. in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. lifted their price target 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 research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $110.57.

About Expeditors International of Washington

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.