Expeditors International of Washington (NASDAQ:EXPD) Reaches New 12-Month Low - Should You Sell?

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $100.47 and last traded at $101.64, with a volume of 20742 shares trading hands. The stock had previously closed at $102.84.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target 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. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Truist Financial began coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 target price on the stock. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $115.90.

Expeditors International of Washington Stock Up 1.3 %

The business's 50 day simple moving average is $115.31 and its two-hundred day simple moving average is $116.75. The stock has a market cap of $15.37 billion, a P/E ratio of 19.51, a PEG ratio of 5.00 and a beta of 1.03.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction 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 transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXPD. MML Investors Services LLC increased its position in Expeditors International of Washington by 2.7% during the 3rd quarter. MML Investors Services LLC now owns 9,488 shares of the transportation company's stock valued at $1,247,000 after purchasing an additional 253 shares during the period. Barclays PLC grew its stake in shares of Expeditors International of Washington by 2.4% in the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company's stock valued at $75,099,000 after buying an additional 13,479 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of Expeditors International of Washington by 5.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,421 shares of the transportation company's stock valued at $712,000 after acquiring an additional 277 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 3.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,657 shares of the transportation company's stock worth $3,962,000 after purchasing an additional 1,235 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $222,000. 94.02% of the stock is owned by institutional investors.

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.