Christopher J. Mcclincy Sells 2,781 Shares of Expeditors International of Washington (EXPD) Stock

Expeditors International of Washington (NASDAQ:EXPD) VP Christopher J. Mcclincy sold 2,781 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total transaction of $180,236.61. Following the completion of the sale, the vice president now owns 16,500 shares in the company, valued at $1,069,365. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of EXPD stock traded down $1.86 during mid-day trading on Friday, reaching $61.59. The company’s stock had a trading volume of 907,460 shares, compared to its average volume of 1,142,749. Expeditors International of Washington has a 12-month low of $51.96 and a 12-month high of $67.63. The company has a market cap of $10,787.43, a PE ratio of 24.73, a P/E/G ratio of 2.67 and a beta of 0.69.

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Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. equities analysts forecast that Expeditors International of Washington will post 2.88 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on EXPD. Cowen restated a “market perform” rating and set a $65.00 target price (up previously from $58.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, February 13th. UBS set a $60.00 price target on shares of Expeditors International of Washington and gave the stock a “sell” rating in a research note on Wednesday, February 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $65.00 price target (down previously from $67.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $55.00 price target (up previously from $51.00) on shares of Expeditors International of Washington in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $63.11.

A number of institutional investors have recently added to or reduced their stakes in EXPD. Commonwealth Bank of Australia increased its stake in Expeditors International of Washington by 21.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after buying an additional 624,542 shares during the period. Parnassus Investments CA grew its holdings in Expeditors International of Washington by 41.7% during the 4th quarter. Parnassus Investments CA now owns 1,252,590 shares of the transportation company’s stock worth $81,030,000 after acquiring an additional 368,590 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Expeditors International of Washington by 1,326.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 334,400 shares of the transportation company’s stock worth $20,017,000 after acquiring an additional 310,958 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Expeditors International of Washington by 144.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 497,083 shares of the transportation company’s stock worth $29,642,000 after acquiring an additional 293,338 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Expeditors International of Washington during the 4th quarter worth $18,136,000. 91.66% of the stock is currently owned by hedge funds and other institutional investors.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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