Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450,656 shares of the transportation company’s stock after selling 2,859 shares during the quarter. Expeditors International of Washington comprises 2.3% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest position. Tandem Investment Advisors Inc. owned 0.31% of Expeditors International of Washington worth $57,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPD. Norges Bank acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $133,106,000. Renaissance Technologies LLC boosted its holdings in Expeditors International of Washington by 1,025.5% in the 1st quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after purchasing an additional 902,600 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Expeditors International of Washington by 388.0% in the 4th quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock worth $69,644,000 after acquiring an additional 532,835 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Expeditors International of Washington by 16.2% in the 1st quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock worth $385,481,000 after acquiring an additional 488,561 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after acquiring an additional 273,388 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Trading Down 1.1 %

Shares of NASDAQ EXPD traded down $1.29 during mid-day trading on Wednesday, reaching $114.38. The company had a trading volume of 1,010,142 shares, compared to its average volume of 1,151,979. The firm has a 50 day simple moving average of $120.55 and a two-hundred day simple moving average of $120.64. The stock has a market cap of $16.23 billion, a P/E ratio of 22.93, a PEG ratio of 8.62 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52-week low of $106.43 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The company’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period last year, the business earned $1.38 earnings per share. On average, equities analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America assumed coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Thursday, January 11th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $108.63.

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.