Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $115.90 Average Price Target from 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 presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $115.90.

Several equities analysts have weighed in on the company. Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. JPMorgan Chase & Co. decreased their price objective on 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. Truist Financial started coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price for the company. Finally, UBS Group lowered 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.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently modified their holdings of EXPD. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. raised its stake in shares of 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 buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the 4th quarter worth $39,000. Colonial Trust Co SC lifted its holdings in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 2.9 %

EXPD opened at $102.55 on Friday. Expeditors International of Washington has a 1-year low of $101.69 and a 1-year high of $131.59. The firm’s 50 day simple moving average is $115.56 and its two-hundred day simple moving average is $117.24. The company has a market capitalization of $14.13 billion, a PE ratio of 17.93, a PEG ratio of 5.00 and a beta of 1.03.

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.