Expeditors International of Washington Sees Unusually High Options Volume (EXPD)

Expeditors International of Washington Sees Unusually High Options Volume (EXPD)

Expeditors International of Washington (NASDAQ:EXPD) was the recipient of some unusual options trading on Tuesday. Stock investors bought 14,974 put options on the company. This represents an increase of approximately 5,890% compared to the average volume of 250 put options.

EXPD has been the subject of several recent analyst reports. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Cowen reiterated a “market perform” rating and set a $76.00 price target (down previously from $78.00) on shares of Expeditors International of Washington in a research note on Wednesday. Credit Suisse Group upped their price target on Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 20th. Finally, Stifel Nicolaus set a $77.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a research note on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $74.29.

EXPD opened at $74.94 on Thursday. The stock has a market cap of $13.60 billion, a PE ratio of 21.53 and a beta of 0.82. Expeditors International of Washington has a 52-week low of $62.90 and a 52-week high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.99 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, research analysts expect that Expeditors International of Washington will post 3.55 earnings per share for the current year.

In other Expeditors International of Washington news, insider Jeffrey S. Musser sold 2,725 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $74.57, for a total value of $203,203.25. Following the transaction, the insider now owns 18,402 shares in the company, valued at $1,372,237.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Mcclincy sold 1,960 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $77.09, for a total value of $151,096.40. Following the completion of the transaction, the vice president now owns 12,848 shares in the company, valued at approximately $990,452.32. The disclosure for this sale can be found here. Insiders sold 26,183 shares of company stock worth $1,972,217 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EXPD. Oregon Public Employees Retirement Fund lifted its position in shares of Expeditors International of Washington by 6,357.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after purchasing an additional 2,841,903 shares during the last quarter. Norges Bank acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $114,445,000. Commonwealth Bank of Australia lifted its position in shares of Expeditors International of Washington by 13.9% during the 4th quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock worth $284,830,000 after purchasing an additional 510,958 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Expeditors International of Washington by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock worth $1,509,974,000 after purchasing an additional 336,122 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Expeditors International of Washington by 21.9% during the 4th quarter. APG Asset Management N.V. now owns 1,842,408 shares of the transportation company’s stock worth $109,740,000 after purchasing an additional 331,000 shares during the last quarter. 94.06% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Trading Ex-Dividend

Related posts

Leave a Comment