Oppenheimer Asset Management Inc. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 36.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,151 shares of the transportation company’s stock after purchasing an additional 6,240 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Expeditors International of Washington were worth $1,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPD. Canada Pension Plan Investment Board increased its stake in Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expeditors International of Washington by 22.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares in the last quarter. Merriman Wealth Management LLC bought a new stake in Expeditors International of Washington in the third quarter valued at $208,000. Finally, Pacer Advisors Inc. increased its stake in Expeditors International of Washington by 8.3% in the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 286 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by company insiders.

Several equities research analysts have weighed in on EXPD shares. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, November 9th. Cowen lifted their price target on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Goldman Sachs Group started coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target for the company. Barclays lifted their price target on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, UBS lifted their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.38.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.80 on Thursday. The stock has a market cap of $11,435.17, a PE ratio of 26.92, a PEG ratio of 3.35 and a beta of 0.72. Expeditors International of Washington, Inc. has a twelve month low of $51.57 and a twelve month high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. equities research analysts expect that Expeditors International of Washington, Inc. will post 2.4 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 30th. Expeditors International of Washington’s dividend payout ratio is currently 35.15%.

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Expeditors International of Washington 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.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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