Expeditors International of Washington Sees Unusually Large Options Volume (NASDAQ:EXPD)

Expeditors International of Washington (NASDAQ:EXPD) was the target of unusually large options trading activity on Monday. Stock investors purchased 3,760 call options on the company. This is an increase of 3,381% compared to the average daily volume of 108 call options.

In other news, Director Sidney E. Harris sold 1,860 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.50, for a total transaction of $250,170.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip M. Coughlin sold 185,686 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $76.74, for a total transaction of $14,249,543.64. The disclosure for this sale can be found here. Insiders sold a total of 262,546 shares of company stock valued at $19,835,874 over the last ninety days. 1.20% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. grew its holdings in Expeditors International of Washington by 115.6% in the 3rd quarter. Cornerstone Advisors Inc. now owns 345 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares during the last quarter. HM Payson & Co. bought a new stake in Expeditors International of Washington in the 2nd quarter worth $26,000. Steward Partners Investment Advisory LLC bought a new stake in Expeditors International of Washington in the 2nd quarter worth $33,000. Whittier Trust Co. grew its holdings in Expeditors International of Washington by 67.3% in the 3rd quarter. Whittier Trust Co. now owns 460 shares of the transportation company’s stock worth $34,000 after acquiring an additional 185 shares during the last quarter. Finally, Lenox Wealth Management Inc. grew its holdings in Expeditors International of Washington by 98.9% in the 2nd quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after acquiring an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

EXPD has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Credit Suisse Group increased their target price on shares of Expeditors International of Washington from $67.00 to $70.00 and gave the company an “underperform” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Expeditors International of Washington from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, 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 for the company in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $72.40.

Shares of Expeditors International of Washington stock traded down $0.11 on Tuesday, hitting $76.50. 10,370 shares of the company traded hands, compared to its average volume of 892,242. The firm’s 50-day simple moving average is $73.90 and its 200 day simple moving average is $73.82. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.14. The company has a market cap of $13.16 billion, a P/E ratio of 22.01 and a beta of 0.95. Expeditors International of Washington has a 12-month low of $62.90 and a 12-month high of $81.15.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Expeditors International of Washington had a net margin of 7.56% and a return on equity of 30.20%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Analysts predict that Expeditors International of Washington will post 3.51 earnings per share for the current year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.74%.

About Expeditors International of Washington

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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