Expeditors International of Washington (NASDAQ:EXPD) Now Covered by Analysts at Truist Financial

Equities researchers at Truist Financial assumed coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $110.00 price target on the transportation company’s stock. Truist Financial’s target price indicates a potential downside of 6.00% from the company’s previous close.

A number of other research firms have also recently weighed in on EXPD. Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lowered their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. UBS Group reduced their price target on shares of 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. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $117.03 on Thursday. The business’s fifty day moving average price is $114.24 and its 200 day moving average price is $118.29. The firm has a market capitalization of $16.15 billion, a PE ratio of 20.46, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $59,000. Smith Shellnut Wilson LLC ADV grew its holdings in Expeditors International of Washington by 5.4% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,320 shares of the transportation company’s stock valued at $257,000 after buying an additional 118 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $42,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $20,487,000. Finally, Ascent Group LLC boosted its position in shares of Expeditors International of Washington by 16.2% in the fourth quarter. Ascent Group LLC now owns 15,476 shares of the transportation company’s stock worth $1,714,000 after acquiring an additional 2,155 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

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.