Insider Selling: Expeditors International of Washington (EXPD) Insider Sells 9,109 Shares of Stock

Expeditors International of Washington (NASDAQ:EXPD) insider Daniel R. Wall sold 9,109 shares of Expeditors International of Washington stock in a transaction on Monday, March 11th. The shares were sold at an average price of $75.25, for a total transaction of $685,452.25. Following the completion of the sale, the insider now owns 40,079 shares in the company, valued at $3,015,944.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of EXPD traded up $0.40 during midday trading on Tuesday, reaching $76.57. The stock had a trading volume of 1,200,458 shares, compared to its average volume of 1,144,701. Expeditors International of Washington has a one year low of $60.80 and a one year high of $78.16. The company has a market cap of $12.86 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.71 and a beta of 0.76.

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Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.17. Expeditors International of Washington had a net margin of 7.60% and a return on equity of 31.62%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, analysts expect that Expeditors International of Washington will post 3.54 earnings per share for the current year.

Several equities research analysts have issued reports on EXPD shares. Stifel Nicolaus set a $77.00 price target on shares of Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. ValuEngine lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Goldman Sachs Group lowered shares of Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price target on the stock. in a research note on Friday, December 7th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, November 13th. Finally, BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $74.57.

Institutional investors and hedge funds have recently made changes to their positions in the company. Papp L Roy & Associates grew its position in shares of Expeditors International of Washington by 0.8% in the 4th quarter. Papp L Roy & Associates now owns 119,137 shares of the transportation company’s stock valued at $8,112,000 after acquiring an additional 904 shares during the period. AMP Capital Investors Ltd grew its position in shares of Expeditors International of Washington by 21.3% in the 3rd quarter. AMP Capital Investors Ltd now owns 92,527 shares of the transportation company’s stock valued at $6,723,000 after acquiring an additional 16,235 shares during the period. Vanguard Group Inc grew its position in shares of Expeditors International of Washington by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock valued at $1,509,974,000 after acquiring an additional 336,122 shares during the period. Standard Life Aberdeen plc boosted its holdings in shares of Expeditors International of Washington by 8.8% during the 3rd quarter. Standard Life Aberdeen plc now owns 55,947 shares of the transportation company’s stock worth $4,114,000 after buying an additional 4,505 shares during the period. Finally, BTIM Corp. boosted its holdings in shares of Expeditors International of Washington by 8.8% during the 4th quarter. BTIM Corp. now owns 159,993 shares of the transportation company’s stock worth $10,894,000 after buying an additional 12,889 shares during the period. 92.55% of the stock is owned by institutional investors.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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