Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Recommendation of “Reduce” by Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average rating of “Reduce” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Five 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 price target among brokerages that have updated their coverage on the stock in the last year is $114.7778.

Several research analysts have issued reports on the company. Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. UBS Group increased their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Barclays increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. Truist Financial increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, June 30th. Finally, Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $121.28 on Friday. The stock has a fifty day moving average price of $119.36 and a two-hundred day moving average price of $115.41. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $131.59.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Expeditors International of Washington by 53.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock valued at $19,343,000 after purchasing an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Expeditors International of Washington by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock valued at $1,971,000 after purchasing an additional 430 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 834 shares during the last quarter. Brown Advisory Inc. grew its holdings in Expeditors International of Washington by 2.4% in the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock valued at $1,249,000 after purchasing an additional 246 shares during the last quarter. Finally, DAVENPORT & Co LLC acquired a new stake in Expeditors International of Washington in the first quarter valued at $203,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.