Family Firm Inc. Invests $35,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Family Firm Inc. purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 282 shares of the transportation company’s stock, valued at approximately $35,000.

A number of other hedge funds also recently modified their holdings of EXPD. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the period. Norges Bank bought a new position in Expeditors International of Washington during the fourth quarter worth $74,763,000. TD Asset Management Inc raised its stake in Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after buying an additional 296,186 shares during the last quarter. Confluence Investment Management LLC bought a new position in Expeditors International of Washington during the first quarter worth $23,178,000. Finally, UBS Group AG raised its stake in Expeditors International of Washington by 66.7% during the fourth quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock worth $55,644,000 after buying an additional 175,111 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.0 %

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. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. The business’s 50-day moving average price is $122.35 and its 200-day moving average price is $120.47.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share 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 firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPD. Robert W. Baird lifted their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Susquehanna lifted their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $116.00.

Insider Buying and Selling

In related news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is owned by corporate insiders.

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.