Oppenheimer & Co. Inc. Boosts Holdings in Expeditors International of Washington (EXPD)

Oppenheimer & Co. Inc. raised its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 0.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 52,557 shares of the transportation company’s stock after purchasing an additional 433 shares during the period. Oppenheimer & Co. Inc.’s holdings in Expeditors International of Washington were worth $3,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moody National Bank Trust Division bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at about $25,000. JOYN Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 632.4% in the 4th quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock valued at $34,000 after buying an additional 430 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Expeditors International of Washington by 6,357.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock valued at $42,000 after buying an additional 2,841,903 shares in the last quarter. CX Institutional bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at about $50,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $53,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

EXPD stock opened at $78.73 on Friday. The company has a market capitalization of $13.75 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.83 and a beta of 0.82. Expeditors International of Washington has a 52 week low of $61.69 and a 52 week high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.17. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Expeditors International of Washington had a net margin of 7.60% and a return on equity of 31.62%. Expeditors International of Washington’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. Analysts anticipate that Expeditors International of Washington will post 3.54 earnings per share for the current fiscal year.

In other Expeditors International of Washington news, insider Philip M. Coughlin sold 544 shares of Expeditors International of Washington stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $75.91, for a total transaction of $41,295.04. Following the completion of the sale, the insider now directly owns 21,220 shares in the company, valued at approximately $1,610,810.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Mcclincy sold 1,960 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $77.09, for a total transaction of $151,096.40. Following the sale, the vice president now owns 12,848 shares of the company’s stock, valued at $990,452.32. The disclosure for this sale can be found here. Insiders sold a total of 26,183 shares of company stock valued at $1,972,217 over the last quarter. 1.20% of the stock is owned by company insiders.

A number of analysts have recently weighed in on EXPD shares. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. ValuEngine upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Stifel Nicolaus set a $77.00 price target on shares of Expeditors International of Washington and gave the company a “hold” rating in a report on Friday, February 22nd. Cowen restated a “market perform” rating and issued a $78.00 price target (up from $75.00) on shares of Expeditors International of Washington in a report on Wednesday, February 20th. Finally, Credit Suisse Group raised their price target on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $74.57.

WARNING: This article was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/26/oppenheimer-co-inc-boosts-holdings-in-expeditors-international-of-washington-expd.html.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

See Also: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington (NASDAQ:EXPD).

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.