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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given an average recommendation of “Reduce” by the twelve research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $134.10.

Several analysts have recently commented on EXPD shares. TD Cowen raised their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their target price for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th.

Expeditors International of Washington Stock Up 1.7%

Shares of EXPD opened at $165.03 on Thursday. The company has a market cap of $22.12 billion, a P/E ratio of 28.85, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $167.19. The firm’s 50 day moving average price is $154.90 and its 200 day moving average price is $134.43.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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 modified their holdings of the company. Atria Investments Inc raised its stake in Expeditors International of Washington by 2.0% during the fourth quarter. Atria Investments Inc now owns 34,289 shares of the transportation company’s stock worth $5,109,000 after purchasing an additional 667 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth $485,000. World Investment Advisors raised its position in shares of Expeditors International of Washington by 10.2% in the 4th quarter. World Investment Advisors now owns 8,063 shares of the transportation company’s stock worth $1,189,000 after buying an additional 744 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Expeditors International of Washington by 42.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 268,221 shares of the transportation company’s stock valued at $39,968,000 after acquiring an additional 80,100 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Expeditors International of Washington by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after acquiring an additional 32,063 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.