Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Recommendation of “Reduce” by Brokerages

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned an average recommendation of “Reduce” from the twelve analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $115.90.

A number of research analysts recently commented on the company. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th.

Expeditors International of Washington Trading Down 9.1 %

NASDAQ:EXPD opened at $110.77 on Friday. The stock has a 50 day moving average of $116.30 and a 200-day moving average of $117.79. The firm has a market capitalization of $15.26 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington has a 52 week low of $107.24 and a 52 week high of $131.59.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after buying an additional 987,233 shares in the last quarter. Boston Partners raised its position in shares of Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after purchasing an additional 869,637 shares during the period. Geode Capital Management LLC raised its position in shares of Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock worth $374,771,000 after purchasing an additional 57,736 shares during the period. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Expeditors International of Washington by 10.6% in the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock valued at $272,874,000 after purchasing an additional 235,409 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

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.