OxFORD Asset Management LLP bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 58,513 shares of the transportation company’s stock, valued at approximately $3,305,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Expeditors International of Washington by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 613,843 shares of the transportation company’s stock worth $34,668,000 after buying an additional 17,950 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Expeditors International of Washington by 70.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 632,501 shares of the transportation company’s stock worth $35,724,000 after buying an additional 261,071 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Expeditors International of Washington by 12.3% in the 2nd quarter. Advisor Group Inc. now owns 29,082 shares of the transportation company’s stock worth $1,635,000 after buying an additional 3,181 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Expeditors International of Washington by 4.5% in the 2nd quarter. Nordea Investment Management AB now owns 13,937 shares of the transportation company’s stock worth $787,000 after buying an additional 600 shares during the last quarter. Finally, Elkhorn Investments LLC boosted its stake in shares of Expeditors International of Washington by 5.7% in the 2nd quarter. Elkhorn Investments LLC now owns 22,665 shares of the transportation company’s stock worth $1,350,000 after buying an additional 1,225 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

EXPD has been the subject of several recent analyst reports. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $55.50.

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Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 59.86 on Monday. The company has a market capitalization of $10.82 billion, a P/E ratio of 25.91 and a beta of 0.67. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $60.30. The stock’s 50 day moving average is $56.45 and its 200-day moving average is $56.00.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post $2.32 EPS for the current fiscal year.

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.

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

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