Delta Financial Advisors LLC Decreases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Delta Financial Advisors LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,739 shares of the transportation company’s stock after selling 249 shares during the quarter. Expeditors International of Washington accounts for about 1.1% of Delta Financial Advisors LLC’s portfolio, making the stock its 28th largest position. Delta Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $2,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cape ANN Savings Bank boosted its holdings in Expeditors International of Washington by 2.9% in the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after acquiring an additional 95 shares in the last quarter. SkyOak Wealth LLC raised its position in shares of Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 95 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Expeditors International of Washington by 0.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after purchasing an additional 106 shares in the last quarter. Values First Advisors Inc. boosted its stake in Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 112 shares in the last quarter. Finally, Czech National Bank grew its position in Expeditors International of Washington by 0.5% during the 1st quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock worth $3,110,000 after purchasing an additional 117 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EXPD. Robert W. Baird raised their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America boosted their price target on 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. Stifel Nicolaus raised their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Trading Down 1.2 %

Shares of EXPD stock opened at $121.00 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a market cap of $17.09 billion, a P/E ratio of 25.64, a P/E/G ratio of 5.61 and a beta of 0.97. The stock has a 50 day moving average of $121.78 and a 200 day moving average of $120.28.

Expeditors International of Washington (NASDAQ:EXPD) last posted its 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 net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $1.30 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal 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.