Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Consensus Rating of “Reduce” from Brokerages

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average rating of “Reduce” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $116.56.

Several equities analysts have commented on the stock. UBS Group lowered 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 research report on Wednesday, February 19th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Susquehanna lifted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Paul Carlile sold 3,000 shares of the company’s 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 completion of the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently modified their holdings of EXPD. Farther Finance Advisors LLC raised its holdings in shares of Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 176 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Expeditors International of Washington by 5.6% during the third quarter. Verdence Capital Advisors LLC now owns 11,813 shares of the transportation company’s stock worth $1,552,000 after purchasing an additional 625 shares during the period. Los Angeles Capital Management LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at about $12,644,000. Ashton Thomas Securities LLC raised its position in Expeditors International of Washington by 12.1% during the third quarter. Ashton Thomas Securities LLC now owns 3,780 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 408 shares in the last quarter. Finally, Delta Financial Advisors LLC raised its holdings in shares of Expeditors International of Washington by 6.4% during the 3rd quarter. Delta Financial Advisors LLC now owns 24,204 shares of the transportation company’s stock worth $3,180,000 after buying an additional 1,465 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 4.9 %

NASDAQ EXPD opened at $126.64 on Monday. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a market capitalization of $17.48 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The firm’s fifty day simple moving average is $113.76 and its 200-day simple moving average is $118.34.

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.