Is Buying Expeditors International of Washington Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Expeditors International of Washington Here a Winning Strategy? Option Traders Like The Stock

In today’s session Expeditors International of Washington (EXPD) registered an unusually high (209) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious EXPD increase. With 209 contracts traded and 7284 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: EXPD170120C00050000 closed last at: $3 or 22.4% up. About 1.80M shares traded hands or 34.33% up from the average. Expeditors International of Washington (NASDAQ:EXPD) has risen 6.21% since April 7, 2016 and is uptrending. It has outperformed by 1.43% the S&P500.

Expeditors International of Washington (NASDAQ:EXPD) Ratings Coverage

Out of 12 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. $58 is the highest target while $42 is the lowest. The $49.78 average target is 1.92% above today’s ($48.84) stock price. Expeditors International of Washington has been the topic of 23 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Tuesday, September 22 the stock rating was maintained by S&P Research with “Buy”. The firm has “Neutral” rating by Macquarie Research given on Wednesday, November 4. The firm earned “Positive” rating on Tuesday, August 11 by Susquehanna. UBS downgraded the shares of EXPD in a report on Thursday, January 7 to “Sell” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 7. On Monday, April 4 the stock rating was downgraded by Stephens to “Equal-Weight”. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. UBS initiated Expeditors International of Washington (NASDAQ:EXPD) on Friday, October 9 with “Neutral” rating. The firm has “Neutral” rating given on Wednesday, November 4 by Buckingham Research. The stock of Expeditors International of Washington (NASDAQ:EXPD) has “Market Perform” rating given on Friday, March 18 by Cowen & Co.

According to Zacks Investment Research, “Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The company’s services include the consolidation or forwarding of air and ocean freight. In each U.S. office, and in many overseas offices, the company acts as a customs broker. The company also provides additional services including distribution management, vendor consolidation, cargo insurance, and purchase order management.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.18, from 0.82 in 2016Q1. The ratio is positive, as 43 funds sold all Expeditors International of Washington shares owned while 170 reduced positions. 37 funds bought stakes while 177 increased positions. They now own 164.14 million shares or 2.34% less from 168.07 million shares in 2016Q1.
Moreover, Mackenzie has 0.11% invested in Expeditors International of Washington (NASDAQ:EXPD) for 384,000 shares. Paradigm Asset Mgmt Commerce Lc owns 2,450 shares or 0% of their US portfolio. Bessemer Group accumulated 24,258 shares or 0.01% of the stock. Deere And last reported 0.02% of its portfolio in the stock. The United Kingdom-based Henderson Grp Inc Public Ltd Co has invested 0.01% in Expeditors International of Washington (NASDAQ:EXPD). Commonwealth Of Pennsylvania School Empls Retrmt Systems has 14,577 shares for 0.01% of their US portfolio. Quantitative Invest Mngmt Ltd Co has invested 0.04% of its portfolio in Expeditors International of Washington (NASDAQ:EXPD). Manufacturers Life Insurance Communications The owns 165,506 shares or 0.01% of their US portfolio. Martingale Asset Management Lp has invested 0.02% of its portfolio in Expeditors International of Washington (NASDAQ:EXPD). Allianz Asset Mgmt Ag owns 4,300 shares or 0% of their US portfolio. Jefferies Grp Incorporated Ltd Liability last reported 0% of its portfolio in the stock. Rockefeller Ser Inc last reported 0.01% of its portfolio in the stock. The Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in Expeditors International of Washington (NASDAQ:EXPD). Ironwood Counsel Limited Liability accumulated 0.35% or 12,090 shares. Select Equity L P accumulated 5.96M shares or 0% of the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 3 insider sales for $2.45 million net activity. On Thursday, May 26 the insider Wall Daniel R sold $489,700. $1.36M worth of Expeditors International of Washington (NASDAQ:EXPD) was sold by MALONE MICHAEL J on Wednesday, August 17. On Wednesday, June 1 the insider ALGER EUGENE K sold $604,310.

Expeditors International of Washington, Inc. is a logistics company. The company has a market cap of $8.56 billion. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. It has a 20.66 P/E ratio. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

EXPD Company Profile

Expeditors International of Washington, Inc., incorporated on May 29, 1979, is a logistics company. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. In addition, the Company’s Project Cargo unit handles special project shipments that move through a single method or combination of air, ocean, and/or ground transportation. The Company’s primary services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. The Firm is managed along five geographic areas: the Americas; North Asia; South Asia; Europe, and the Middle East, Africa and India.

More recent Expeditors International of Washington (NASDAQ:EXPD) news were published by: Forbes.com which released: “Expeditors International of Washington Reaches Analyst Target Price” on October 31, 2016. Also Forbes.com published the news titled: “Relative Strength Alert For Expeditors International of Washington” on October 18, 2016. Rttnews.com‘s news article titled: “Expeditors International of Washington Inc. Q3 Earnings Drop 9%” with publication date: November 08, 2016 was also an interesting one.

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