Wynn Capital LLC Acquires New Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wynn Capital LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,626 shares of the transportation company’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Expeditors International of Washington by 11.2% in the third 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 period. International Assets Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 8,732.2% in the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after acquiring an additional 222,846 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Expeditors International of Washington by 36.6% in the third quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock worth $75,375,000 after acquiring an additional 176,270 shares during the period. Northern Trust Corp grew its holdings in shares of Expeditors International of Washington by 7.9% in the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after acquiring an additional 159,712 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of Expeditors International of Washington in the third quarter worth $14,503,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXPD shares. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Bank of America started coverage on Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 target price on the stock. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.63.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded down $0.18 during mid-day trading on Wednesday, hitting $112.89. The stock had a trading volume of 1,377,358 shares, compared to its average volume of 1,179,417. The company has a 50 day moving average of $119.29 and a two-hundred day moving average of $120.62. The firm has a market cap of $16.02 billion, a PE ratio of 22.82, a PEG ratio of 8.43 and a beta of 0.99. Expeditors International of Washington, Inc. has a twelve month low of $106.43 and a twelve month 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). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $1.38 earnings per share. Expeditors International of Washington’s revenue was down 33.8% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

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 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 transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Expeditors International of Washington 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.