Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $116.56 Consensus PT from Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned an average rating of “Reduce” from the twelve analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $115.90.

EXPD has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday. They set a “hold” rating and a $110.00 price objective for the company. Susquehanna raised their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, UBS Group decreased their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently modified their holdings of the stock. Wood Tarver Financial Group LLC bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $59,000. Smith Shellnut Wilson LLC ADV lifted its stake in Expeditors International of Washington by 5.4% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 2,320 shares of the transportation company’s stock worth $257,000 after purchasing an additional 118 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Expeditors International of Washington in the fourth quarter worth $42,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Expeditors International of Washington during the fourth quarter valued at $20,487,000. Finally, Ascent Group LLC raised its holdings in shares of Expeditors International of Washington by 16.2% during the fourth quarter. Ascent Group LLC now owns 15,476 shares of the transportation company’s stock worth $1,714,000 after purchasing an additional 2,155 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 1.0 %

Shares of EXPD opened at $115.29 on Monday. Expeditors International of Washington has a twelve month low of $108.36 and a twelve month high of $131.59. The firm has a market capitalization of $15.91 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock’s fifty day simple moving average is $114.45 and its 200 day simple moving average is $118.16.

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.