Expeditors International of Washington (NASDAQ:EXPD) Earns Hold Rating from Benchmark

Benchmark reiterated their hold rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report report published on Wednesday morning,Benzinga reports.

EXPD has been the topic of a number of other reports. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Bank of America dropped their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen upped their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Stock Down 0.7 %

EXPD opened at $116.44 on Wednesday. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. Expeditors International of Washington has a twelve month low of $108.36 and a twelve month high of $131.59. The company’s 50-day moving average price is $112.54 and its two-hundred day moving average price is $118.39.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Expeditors International of Washington

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NDVR Inc. increased its holdings in Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock worth $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC increased its holdings in Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock worth $260,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after buying an additional 103 shares during the last quarter. Chapman Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after buying an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after buying an additional 113 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

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.