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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have earned an average recommendation of “Reduce” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $134.10.

Several analysts have issued reports on EXPD shares. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Morgan Stanley upped their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Truist Financial upped their target price on Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Finally, TD Cowen lifted their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the sale, the director owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC lifted its stake in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter worth $34,000. Community Bank N.A. purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $34,000. Geneos Wealth Management Inc. boosted its stake in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its stake in shares of Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 2.0%

Shares of Expeditors International of Washington stock opened at $163.68 on Thursday. The company’s 50-day moving average price is $154.25 and its 200-day moving average price is $133.85. Expeditors International of Washington has a 12-month low of $100.47 and a 12-month high of $164.48. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 5.00 and a beta of 1.14.

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.