Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Recommendation of “Reduce” from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have earned an average recommendation of “Reduce” from the twelve research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $115.90.

EXPD has been the topic of several research reports. Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday. They issued a “hold” rating and a $110.00 target price for the company. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently bought and sold shares of EXPD. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington in the fourth quarter worth $39,000. Colonial Trust Co SC increased its position in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $115.29 on Monday. The firm has a market cap of $15.91 billion, a P/E ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. The stock’s 50-day moving average is $114.45 and its 200-day moving average is $118.22. Expeditors International of Washington has a one year low of $108.36 and a one year high of $131.59.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.