Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,466 shares of the transportation company’s stock after selling 9,061 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Expeditors International of Washington were worth $5,549,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Cape ANN Savings Bank lifted its stake in shares of Expeditors International of Washington by 2.9% during the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after buying an additional 95 shares during the period. SkyOak Wealth LLC lifted its stake in shares of Expeditors International of Washington by 3.9% during the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after purchasing an additional 95 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Expeditors International of Washington by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 31,481 shares of the transportation company’s stock worth $4,004,000 after purchasing an additional 105 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Expeditors International of Washington by 0.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after purchasing an additional 106 shares during the period. Finally, Values First Advisors Inc. increased its stake in Expeditors International of Washington by 0.7% in the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXPD. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Susquehanna upped their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $0.05 during midday trading on Friday, hitting $123.05. 434,695 shares of the stock were exchanged, compared to its average volume of 1,276,674. The company has a 50 day moving average price of $122.35 and a two-hundred day moving average price of $120.47. The firm has a market cap of $17.38 billion, a P/E ratio of 26.07, a P/E/G ratio of 5.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $1.30 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts predict that Expeditors International of Washington, Inc. will post 4.99 EPS for the current year.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.

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.