Bleakley Financial Group LLC Sells 239 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bleakley Financial Group LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,156 shares of the transportation company’s stock after selling 239 shares during the quarter. Bleakley Financial Group LLC’s holdings in Expeditors International of Washington were worth $274,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. IMPACTfolio LLC raised its holdings in Expeditors International of Washington by 4.4% in the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after purchasing an additional 82 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after purchasing an additional 92 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in Expeditors International of Washington by 2.2% in the third quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock worth $505,000 after purchasing an additional 94 shares in the last quarter. Wealthsource Partners LLC raised its holdings in Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after purchasing an additional 95 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Expeditors International of Washington by 0.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,470 shares of the transportation company’s stock valued at $1,659,000 after acquiring an additional 96 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. BNP Paribas downgraded 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. Finally, Bank of America began 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 target on the stock. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $108.63.

Expeditors International of Washington Trading Down 0.8 %

Expeditors International of Washington stock opened at $116.67 on Tuesday. Expeditors International of Washington, Inc. has a 12 month low of $106.43 and a 12 month high of $131.17. The stock’s 50 day simple moving average is $120.76 and its two-hundred day simple moving average is $120.63. The firm has a market cap of $16.55 billion, a PE ratio of 23.33, a P/E/G ratio of 8.69 and a beta of 0.99.

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

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.