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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $117.44.

Several brokerages have recently weighed in on EXPD. Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. 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 note on Thursday, January 16th. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.69% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXPD. Hara Capital LLC acquired a new position in Expeditors International of Washington during the 3rd quarter valued at approximately $26,000. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. increased its stake 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 valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington during the 4th quarter valued at approximately $39,000. Finally, Parvin Asset Management LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at approximately $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $1.08 during midday trading on Thursday, hitting $113.82. The stock had a trading volume of 1,635,059 shares, compared to its average volume of 990,634. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59. The firm has a market cap of $15.93 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The stock's 50 day moving average is $112.91 and its 200 day moving average is $118.62.

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.