Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $115.40 Average Target Price from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given a consensus rating of “Reduce” by the twelve research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $115.40.

Several research firms have recently issued reports on EXPD. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. 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. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Truist Financial decreased their target price on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, April 24th.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $109.66 on Tuesday. Expeditors International of Washington has a 52 week low of $100.47 and a 52 week high of $131.59. The firm has a fifty day moving average of $113.75 and a two-hundred day moving average of $115.34. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 5.00 and a beta of 1.03.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington 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 transaction of $146,925.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXPD. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Norges Bank bought a new stake in Expeditors International of Washington in the 4th quarter valued at $107,863,000. Boston Partners increased its holdings in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after buying an additional 690,539 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company’s stock worth $61,021,000 after buying an additional 503,833 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.