Expeditors International of Washington Inc. (NASDAQ:EXPD) Director Michael J. Malone sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $51.13, for a total transaction of $1,636,160.00. Following the transaction, the director now owns 86,771 shares of the company’s stock, valued at approximately $4,436,601.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Expeditors International of Washington Inc. (NASDAQ:EXPD) opened at 51.96 on Tuesday. The company’s 50-day moving average is $50.97 and its 200 day moving average is $50.11. Expeditors International of Washington Inc. has a one year low of $40.41 and a one year high of $52.58. The firm has a market cap of $9.37 billion, a PE ratio of 22.01 and a beta of 0.69.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. Vanguard Group Inc. raised its position in Expeditors International of Washington by 2.2% in the second quarter. Vanguard Group Inc. now owns 17,644,218 shares of the company’s stock valued at $865,272,000 after buying an additional 386,771 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Expeditors International of Washington by 6.1% in the second quarter. Loomis Sayles & Co. L P now owns 12,774,353 shares of the company’s stock valued at $626,454,000 after buying an additional 729,235 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Expeditors International of Washington by 4.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,236,445 shares of the company’s stock valued at $269,782,000 after buying an additional 218,964 shares during the last quarter. BlackRock Fund Advisors raised its position in Expeditors International of Washington by 5.4% in the third quarter. BlackRock Fund Advisors now owns 4,855,889 shares of the company’s stock valued at $250,175,000 after buying an additional 249,801 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in Expeditors International of Washington by 22.5% in the second quarter. Janus Capital Management LLC now owns 3,556,739 shares of the company’s stock valued at $174,422,000 after buying an additional 653,220 shares during the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Barclays PLC restated a “buy” rating on shares of Expeditors International of Washington in a report on Wednesday, November 9th. Stifel Nicolaus upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday, August 25th. Credit Suisse Group AG reiterated a “sell” rating and issued a $46.00 price target on shares of Expeditors International of Washington in a report on Wednesday, August 3rd. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.80.

About Expeditors International of Washington

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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