Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) were down 1.7% during trading on Friday . The stock traded as low as $114.00 and last traded at $114.50. Approximately 357,748 shares changed hands during trading, a decline of 73% from the average daily volume of 1,328,512 shares. The stock had previously closed at $116.49.
Analyst Ratings Changes
Several research analysts have commented on EXPD shares. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Stifel Nicolaus cut 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 report on Thursday, January 23rd. Bank of America cut 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. UBS Group cut their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $115.90.
Read Our Latest Analysis on Expeditors International of Washington
Expeditors International of Washington Stock Up 0.4 %
The firm has a market cap of $16.21 billion, a P/E ratio of 20.53, a PEG ratio of 5.00 and a beta of 1.00. The firm's fifty day moving average is $114.57 and its two-hundred day moving average is $118.13.
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 on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company's stock.
Hedge Funds Weigh In On Expeditors International of Washington
Several large investors have recently modified their holdings of EXPD. KBC Group NV raised its position in shares of Expeditors International of Washington by 3.5% in the 3rd quarter. KBC Group NV now owns 36,267 shares of the transportation company's stock worth $4,765,000 after purchasing an additional 1,225 shares during the last quarter. Huntington National Bank raised its position in shares of Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock worth $241,000 after purchasing an additional 127 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Expeditors International of Washington by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,005 shares of the transportation company's stock worth $1,183,000 after purchasing an additional 1,371 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Expeditors International of Washington by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company's stock worth $2,712,000 after purchasing an additional 1,532 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth about $346,000. Hedge funds and other institutional investors own 94.02% of the company's stock.
About Expeditors International of Washington
(
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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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