Vanguard Group Inc. Buys 191,817 Shares of Expeditors International of Washington (NASDAQ:EXPD)

Vanguard Group Inc. grew its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,383,240 shares of the transportation company’s stock after acquiring an additional 191,817 shares during the period. Vanguard Group Inc. owned about 0.12% of Expeditors International of Washington worth $1,622,132,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $284,000. National Pension Service increased its holdings in Expeditors International of Washington by 7.2% during the second quarter. National Pension Service now owns 256,180 shares of the transportation company’s stock valued at $19,434,000 after buying an additional 17,171 shares during the period. Asset Management One Co. Ltd. increased its holdings in Expeditors International of Washington by 9.1% during the second quarter. Asset Management One Co. Ltd. now owns 91,152 shares of the transportation company’s stock valued at $6,914,000 after buying an additional 7,621 shares during the period. Evercore Wealth Management LLC increased its holdings in Expeditors International of Washington by 6.2% during the second quarter. Evercore Wealth Management LLC now owns 5,253 shares of the transportation company’s stock valued at $399,000 after buying an additional 307 shares during the period. Finally, O Shares Investment Advisers LLC increased its holdings in Expeditors International of Washington by 6.1% during the second quarter. O Shares Investment Advisers LLC now owns 5,627 shares of the transportation company’s stock valued at $427,000 after buying an additional 323 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

EXPD has been the topic of several research reports. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Tuesday, September 10th. Loop Capital initiated coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They set a “hold” rating and a $78.00 price objective on the stock. Cowen reissued a “hold” rating and set a $79.00 price objective on shares of Expeditors International of Washington in a report on Tuesday, August 6th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a report on Wednesday, July 10th. They set a “sell” rating and a $70.00 price objective on the stock. Finally, UBS Group set a $67.00 price objective on shares of Expeditors International of Washington and gave the company a “sell” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $73.13.

NASDAQ EXPD traded down $0.61 on Friday, hitting $73.98. The stock had a trading volume of 745,340 shares, compared to its average volume of 773,740. The business’s fifty day moving average price is $72.21 and its 200 day moving average price is $74.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12. Expeditors International of Washington has a 52-week low of $62.90 and a 52-week high of $80.69. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 21.26 and a beta of 0.96.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.08. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 3.53 EPS for the current year.

In other Expeditors International of Washington news, Director Sidney E. Harris sold 1,860 shares of Expeditors International of Washington stock in a transaction on Friday, August 30th. The shares were sold at an average price of $134.50, for a total value of $250,170.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eugene K. Alger sold 36,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total transaction of $2,557,800.00. Following the sale, the insider now directly owns 45,787 shares in the company, valued at $3,253,166.35. The disclosure for this sale can be found here. Insiders sold 76,860 shares of company stock worth $5,586,330 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Expeditors International of Washington Company 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.

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

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