Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $116.56 Consensus Target Price from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average recommendation of “Reduce” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $115.90.

A number of equities analysts have recently weighed in on the company. UBS Group dropped their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Bank of America dropped their price objective 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, Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday. They set a “hold” rating and a $110.00 price target on the stock.

Expeditors International of Washington Stock Down 1.0 %

Shares of NASDAQ:EXPD opened at $115.29 on Monday. The company has a market cap of $15.91 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The company’s fifty day moving average is $114.45 and its two-hundred day moving average is $118.22. Expeditors International of Washington has a 12-month low of $108.36 and a 12-month high of $131.59.

Insiders Place Their Bets

In other 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 transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at $25,000. SRS Capital Advisors Inc. grew its holdings in 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 acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $39,000. Colonial Trust Co SC lifted its stake in Expeditors International of Washington by 58.6% in the fourth 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 during the period. Finally, Parvin Asset Management LLC bought a new position in Expeditors International of Washington during the fourth quarter worth about $42,000. 94.02% of the stock is currently owned by institutional investors.

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.