BNP Paribas Arbitrage SA Buys 6,157 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BNP Paribas Arbitrage SA boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,206 shares of the transportation company’s stock after acquiring an additional 6,157 shares during the quarter. BNP Paribas Arbitrage SA owned 0.09% of Expeditors International of Washington worth $20,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. raised its position in Expeditors International of Washington by 0.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 251,738 shares of the transportation company’s stock worth $19,107,000 after purchasing an additional 1,141 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Expeditors International of Washington by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 982,309 shares of the transportation company’s stock worth $93,425,000 after buying an additional 39,492 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Expeditors International of Washington by 4.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 23,507 shares of the transportation company’s stock valued at $2,531,000 after acquiring an additional 1,024 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in Expeditors International of Washington by 8.5% during the 1st quarter. Standard Life Aberdeen plc now owns 84,111 shares of the transportation company’s stock valued at $9,060,000 after acquiring an additional 6,562 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in Expeditors International of Washington during the 1st quarter worth approximately $244,000. Hedge funds and other institutional investors own 91.92% of the company’s stock.

In other news, VP Christopher J. Mcclincy sold 8,200 shares of the stock in a transaction on Monday, August 30th. The stock was sold at an average price of $126.03, for a total transaction of $1,033,446.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 340 shares of the firm’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $126.11, for a total value of $42,877.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,816 shares of company stock worth $1,111,389. Company insiders own 0.69% of the company’s stock.

Shares of NASDAQ:EXPD opened at $123.74 on Friday. The stock has a fifty day simple moving average of $125.36 and a two-hundred day simple moving average of $118.46. Expeditors International of Washington, Inc. has a 12-month low of $85.01 and a 12-month high of $130.76. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 21.37 and a beta of 0.79.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 3rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.21. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Expeditors International of Washington had a net margin of 7.88% and a return on equity of 35.71%. Expeditors International of Washington’s revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 6.59 EPS for the current fiscal year.

A number of research firms have recently weighed in on EXPD. Wells Fargo & Company increased their price objective on Expeditors International of Washington from $123.00 to $131.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 13th. Barclays increased their price target on shares of Expeditors International of Washington from $96.00 to $100.00 and gave the company an “underweight” rating in a research report on Monday, August 30th. Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, July 8th. Vertical Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a report on Monday, July 26th. Finally, Zacks Investment Research downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $131.00 price target on the stock. in a report on Monday, August 9th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.00.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides 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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