OFI Invest Asset Management Purchases Shares of 60,378 Expeditors International of Washington, Inc. $EXPD

Key Points

• OFI Invest Asset Management bought a new stake of 60,378 shares of Expeditors International (NASDAQ:EXPD) in Q4, valued at about $8.997 million, and several other institutional investors also initiated or increased positions; institutional ownership stands at 94.02%.
• Expeditors reported Q4 EPS of $1.49, beating estimates of $1.46, while revenue fell 3.3% year‑over‑year; the company posted a net margin of 7.64% and a return on equity of 36.16%.
• The stock trades near $144.67 with a market cap of $19.24 billion and a P/E of 25.29, and analysts hold a mixed view—MarketBeat shows an average rating of "Reduce" with an average target price of $134.30.

OFI Invest Asset Management purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 60,378 shares of the transportation company's stock, valued at approximately $8,997,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. Oak Thistle LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $894,000. South Shore Capital Advisors purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $340,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $354,000. Portside Wealth Group LLC raised its stake in shares of Expeditors International of Washington by 12.7% during the fourth quarter. Portside Wealth Group LLC now owns 5,645 shares of the transportation company's stock valued at $841,000 after purchasing an additional 637 shares during the period. Finally, Cidel Asset Management Inc. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $244,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.3%

Shares of NASDAQ:EXPD opened at $144.67 on Friday. The company has a fifty day simple moving average of $148.10 and a 200 day simple moving average of $143.08. The firm has a market cap of $19.24 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $103.76 and a 12-month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 14th. Susquehanna dropped their price objective on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Barclays lifted their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a "hold" rating in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $134.30.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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