Expeditors International of Washington (NASDAQ:EXPD) Rating Lowered to “Hold” at StockNews.com

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Bank of America reduced their target price 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. Finally, TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Trading Up 1.0 %

EXPD opened at $113.82 on Friday. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 3.77 and a beta of 0.98. The business has a 50 day moving average of $112.77 and a 200-day moving average of $118.48.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPD. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $25,000. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the third quarter worth about $26,000. SRS Capital Advisors Inc. increased its position 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 period. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $39,000. Finally, Colonial Trust Co SC increased its position in 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 purchasing an additional 130 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.