Expeditors International of Washington (NASDAQ:EXPD) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

A number of other brokerages have also weighed in on EXPD. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America dropped their price target on 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. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, TD Cowen lifted their target price on shares of 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. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $118.24 on Friday. The stock has a market capitalization of $16.55 billion, a PE ratio of 23.05, a P/E/G ratio of 3.77 and a beta of 0.98. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a fifty day moving average of $112.72 and a two-hundred day moving average of $118.45.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently bought and sold shares of EXPD. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $25,000. Hara Capital LLC purchased a new position in Expeditors International of Washington in the third quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $39,000. Finally, Colonial Trust Co SC lifted its stake in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.