Mediolanum International Funds Ltd Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mediolanum International Funds Ltd decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,226 shares of the transportation company's stock after selling 31,877 shares during the quarter. Mediolanum International Funds Ltd's holdings in Expeditors International of Washington were worth $4,888,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Charles Schwab Investment Management Inc. grew its position in shares of Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Expeditors International of Washington in the third quarter valued at $4,363,000. Franklin Resources Inc. lifted its holdings in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $1,329,000. Finally, Drystone LLC acquired a new position in Expeditors International of Washington in the 4th quarter worth approximately $5,925,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPD. Bank of America cut their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Finally, TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $117.44.

Expeditors International of Washington Stock Performance

EXPD stock traded down $0.66 during mid-day trading on Wednesday, hitting $111.79. The company had a trading volume of 893,954 shares, compared to its average volume of 1,021,846. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock's fifty day moving average price is $114.17 and its two-hundred day moving average price is $119.22. The firm has a market cap of $15.65 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Company 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.