Expeditors International of Washington (NASDAQ:EXPD) Receives Hold Rating from Benchmark

Benchmark reissued their hold rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research note published on Wednesday,Benzinga reports.

EXPD has been the subject of a number of other research reports. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America cut their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $116.26 on Wednesday. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a market cap of $16.27 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. The stock has a fifty day moving average of $112.63 and a 200-day moving average of $118.43.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were 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 owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 32.0% in 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 period. Norges Bank bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $107,863,000. Boston Partners lifted its position in 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 boosted its stake in shares of Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $55,036,000. 94.02% of the stock is owned by institutional investors.

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.