StockNews.com cut shares of Expeditors International of Washington (NASDAQ:EXPD - Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday.
Several other research analysts also recently weighed in on EXPD. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Bank of America lowered 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 report on Thursday, January 16th. Finally, Stifel Nicolaus reduced their price target on shares of 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. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $116.56.
Read Our Latest Stock Analysis on EXPD
Expeditors International of Washington Stock Down 1.5 %
NASDAQ:EXPD traded down $1.78 during trading hours on Friday, hitting $116.26. 1,356,759 shares of the stock traded hands, compared to its average volume of 1,063,755. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59. The stock has a 50 day moving average price of $112.72 and a 200 day moving average price of $118.45.
Insider Activity at Expeditors International of Washington
In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of EXPD. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $26,000. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $25,000. SRS Capital Advisors Inc. lifted its stake in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $39,000. Finally, Colonial Trust Co SC raised its holdings in shares of 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 worth $39,000 after buying an additional 130 shares during the period. Institutional investors own 94.02% of the company's stock.
Expeditors International of Washington Company Profile
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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.
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