Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Rating of “Reduce” by Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given an average recommendation of “Reduce” by the twelve ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $115.40.

EXPD has been the topic of a number of research reports. JPMorgan Chase & Co. reduced 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. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Truist Financial reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $108.73 on Tuesday. The company has a market cap of $14.98 billion, a P/E ratio of 19.01, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a 50-day simple moving average of $114.21 and a two-hundred day simple moving average of $115.52.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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. The trade was a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of EXPD. First Eagle Investment Management LLC raised its holdings in Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank acquired a new position in Expeditors International of Washington in the 4th quarter worth about $107,863,000. Boston Partners raised its holdings in Expeditors International of Washington by 29.7% in the 4th 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. First Trust Advisors LP raised its holdings in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Expeditors International of Washington by 13,910.4% in the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company’s stock worth $61,021,000 after purchasing an additional 503,833 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

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.