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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have earned a consensus recommendation of "Reduce" from the twelve brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $115.90.

A number of equities research analysts have commented on the company. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. UBS Group decreased their target price 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. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th.

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Expeditors International of Washington Stock Down 0.6 %

Shares of EXPD stock traded down $0.66 during mid-day trading on Monday, reaching $116.44. 1,538,324 shares of the stock traded hands, compared to its average volume of 1,349,262. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock's fifty day simple moving average is $114.24 and its two-hundred day simple moving average is $118.29. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in Expeditors International of Washington by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company's stock worth $144,000 after buying an additional 176 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Expeditors International of Washington by 5.6% during the third quarter. Verdence Capital Advisors LLC now owns 11,813 shares of the transportation company's stock valued at $1,552,000 after buying an additional 625 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $12,644,000. Ashton Thomas Securities LLC raised its holdings in shares of Expeditors International of Washington by 12.1% in the 3rd quarter. Ashton Thomas Securities LLC now owns 3,780 shares of the transportation company's stock worth $497,000 after purchasing an additional 408 shares during the period. Finally, Delta Financial Advisors LLC raised its stake in shares of Expeditors International of Washington by 6.4% in the third quarter. Delta Financial Advisors LLC now owns 24,204 shares of the transportation company's stock valued at $3,180,000 after buying an additional 1,465 shares during the period. Institutional investors and hedge funds 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.