Koshinski Asset Management Inc. Invests $230,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Apr 7th, 2023

Koshinski Asset Management Inc. bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,217 shares of the transportation company’s stock, valued at approximately $230,000.

Other hedge funds have also bought and sold shares of the company. Accurate Wealth Management LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth about $26,000. Allworth Financial LP raised its position in Expeditors International of Washington by 138.3% in the 4th quarter. Allworth Financial LP now owns 336 shares of the transportation company’s stock worth $35,000 after buying an additional 195 shares during the last quarter. Covestor Ltd raised its position in Expeditors International of Washington by 103.6% in the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after buying an additional 174 shares during the last quarter. BDO Wealth Advisors LLC raised its position in Expeditors International of Washington by 45.3% in the 3rd quarter. BDO Wealth Advisors LLC now owns 414 shares of the transportation company’s stock worth $37,000 after buying an additional 129 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Expeditors International of Washington in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 93.26% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $109.76, for a total value of $1,097,600.00. Following the transaction, the chief executive officer now owns 137,309 shares of the company’s stock, valued at approximately $15,071,035.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Expeditors International of Washington in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley cut their price target on Expeditors International of Washington from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday. Wells Fargo & Company boosted their price target on Expeditors International of Washington from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, February 22nd. Finally, Cowen cut their price target on Expeditors International of Washington from $122.00 to $108.00 in a research note on Friday, January 6th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $100.38.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $105.35 on Friday. The stock’s fifty day moving average is $108.72 and its 200 day moving average is $104.79. The firm has a market capitalization of $16.27 billion, a PE ratio of 12.79 and a beta of 1.00. Expeditors International of Washington, Inc. has a fifty-two week low of $86.08 and a fifty-two week high of $119.90.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The transportation company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.71). The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expeditors International of Washington had a net margin of 7.95% and a return on equity of 38.81%. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Profile

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Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.