Zurcher Kantonalbank Zurich Cantonalbank Has $3.04 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,924 shares of the transportation company’s stock after selling 924 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Expeditors International of Washington were worth $3,043,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $35,000. BKM Wealth Management LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Planned Solutions Inc. acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Fortitude Family Office LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $49,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the 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 completion of the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Bank of America began coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 target price for the company. Stifel Nicolaus increased their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Thursday, January 11th. Three research 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 stock has an average rating of “Hold” and a consensus price target of $108.63.

Expeditors International of Washington Trading Down 0.5 %

Shares of EXPD stock opened at $114.03 on Tuesday. The stock has a 50 day moving average of $119.54 and a two-hundred day moving average of $120.63. Expeditors International of Washington, Inc. has a 12 month low of $106.43 and a 12 month high of $131.17. The company has a market capitalization of $16.18 billion, a P/E ratio of 22.81, a P/E/G ratio of 8.47 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $1.38 earnings per share. The company’s quarterly revenue was down 33.8% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Expeditors International of Washington 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.