Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 632.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,200 shares of the transportation company’s stock after purchasing an additional 134,000 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.09% of Expeditors International of Washington worth $19,648,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Expeditors International of Washington by 11.7% in the 2nd quarter. BlackRock Inc. now owns 21,303,726 shares of the transportation company’s stock worth $2,697,051,000 after buying an additional 2,235,058 shares in the last quarter. Geode Capital Management LLC grew its holdings in Expeditors International of Washington by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,233,956 shares of the transportation company’s stock worth $408,391,000 after buying an additional 75,989 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Expeditors International of Washington by 0.4% in the 1st quarter. First Eagle Investment Management LLC now owns 2,503,022 shares of the transportation company’s stock worth $269,550,000 after buying an additional 9,631 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Expeditors International of Washington by 1.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,022,013 shares of the transportation company’s stock worth $217,751,000 after buying an additional 35,187 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Expeditors International of Washington by 92.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,961,248 shares of the transportation company’s stock worth $211,208,000 after buying an additional 940,412 shares in the last quarter. 91.92% of the stock is owned by institutional investors.

Shares of NASDAQ:EXPD traded up $0.12 on Thursday, reaching $116.26. 4,825 shares of the company traded hands, compared to its average volume of 1,081,501. Expeditors International of Washington, Inc. has a fifty-two week low of $85.01 and a fifty-two week high of $130.76. The company’s 50 day moving average is $122.21 and its 200-day moving average is $120.96. The stock has a market capitalization of $19.75 billion, a PE ratio of 20.06 and a beta of 0.79.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 3rd. The transportation company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.21. Expeditors International of Washington had a return on equity of 35.71% and a net margin of 7.88%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 49.7% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 6.59 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on EXPD shares. Barclays increased their price objective on Expeditors International of Washington from $96.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday, August 30th. Morgan Stanley increased their price target on Expeditors International of Washington from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 4th. Wells Fargo & Company decreased their price target on Expeditors International of Washington from $131.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $131.00 price target for the company in a research note on Tuesday, October 5th. Finally, Vertical Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research note on Monday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $112.33.

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 276 shares of the stock in a transaction on Monday, September 13th. The stock was sold at an average price of $127.05, for a total transaction of $35,065.80. The disclosure for this sale can be found here. Insiders sold 8,816 shares of company stock valued at $1,111,389 in the last 90 days. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company 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.

See Also: Initial Coin Offering (ICO)

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

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