D.A. Davidson & CO. Reduces Stake in Expeditors International of Washington (NASDAQ:EXPD)

D.A. Davidson & CO. lowered its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,331 shares of the transportation company’s stock after selling 19,925 shares during the period. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $5,132,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in shares of Expeditors International of Washington by 4,613.3% during the fourth quarter. Advisory Services Network LLC now owns 8,484 shares of the transportation company’s stock worth $549,000 after purchasing an additional 8,304 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Expeditors International of Washington by 11.9% in the fourth quarter. Toronto Dominion Bank now owns 76,725 shares of the transportation company’s stock worth $4,964,000 after acquiring an additional 8,189 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Expeditors International of Washington by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,214,567 shares of the transportation company’s stock worth $78,570,000 after acquiring an additional 21,436 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Expeditors International of Washington by 44.0% in the fourth quarter. First Trust Advisors LP now owns 395,812 shares of the transportation company’s stock worth $25,605,000 after acquiring an additional 120,905 shares in the last quarter. Finally, Cape ANN Savings Bank acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $335,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is owned by corporate insiders.

Expeditors International of Washington (NASDAQ:EXPD) traded up $0.35 on Friday, reaching $64.34. The company’s stock had a trading volume of 1,361,500 shares, compared to its average volume of 1,247,523. Expeditors International of Washington has a 12-month low of $51.96 and a 12-month high of $67.54. The firm has a market capitalization of $11,286.17, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.83 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 20th. The transportation company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. analysts forecast that Expeditors International of Washington will post 2.82 EPS for the current year.

Several research analysts recently commented on the company. Cowen reiterated a “market perform” rating and issued a $65.00 price target (up previously from $58.00) on shares of Expeditors International of Washington in a research note on Wednesday. UBS Group set a $60.00 price objective on Expeditors International of Washington and gave the company a “sell” rating in a report on Wednesday. Credit Suisse Group reaffirmed an “underperform” rating and set a $61.00 target price (down from $63.00) on shares of Expeditors International of Washington in a report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $65.00 target price (down from $67.00) on shares of Expeditors International of Washington in a report on Wednesday. Finally, Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $64.13.

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Expeditors International of Washington Profile

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.

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

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