Expeditors International of Washington Inc. (NASDAQ:EXPD) Director Michael J. Malone sold 51,559 shares of Expeditors International of Washington stock in a transaction on Monday, November 14th. The shares were sold at an average price of $51.63, for a total value of $2,661,991.17. Following the completion of the transaction, the director now owns 133,074 shares in the company, valued at approximately $6,870,610.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Expeditors International of Washington Inc. (NASDAQ:EXPD) opened at 51.14 on Friday. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 21.66 and a beta of 0.69. Expeditors International of Washington Inc. has a 12 month low of $40.41 and a 12 month high of $52.58. The stock’s 50 day moving average price is $50.95 and its 200-day moving average price is $50.03.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.06. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. Equities analysts forecast that Expeditors International of Washington Inc. will post $2.35 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

A number of large investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC boosted its stake in Expeditors International of Washington by 3.8% in the third quarter. Mosaic Family Wealth LLC now owns 2,394 shares of the company’s stock worth $123,000 after buying an additional 87 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Expeditors International of Washington during the third quarter worth about $542,000. Lombard Odier Asset Management USA Corp purchased a new stake in Expeditors International of Washington during the third quarter worth about $876,000. Xact Kapitalforvaltning AB purchased a new stake in Expeditors International of Washington during the third quarter worth about $2,013,000. Finally, Jane Street Group LLC boosted its stake in Expeditors International of Washington by 12.4% in the third quarter. Jane Street Group LLC now owns 4,772 shares of the company’s stock worth $246,000 after buying an additional 527 shares during the period. Institutional investors own 92.32% of the company’s stock.

A number of research analysts recently weighed in on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, September 13th. Stifel Nicolaus upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Thursday, August 25th. Barclays PLC reiterated a “buy” rating on shares of Expeditors International of Washington in a report on Wednesday, November 9th. Credit Suisse Group AG reiterated a “sell” rating and issued a $46.00 target price on shares of Expeditors International of Washington in a report on Wednesday, August 3rd. Finally, Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $50.80.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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