Expeditors International of Washington (NASDAQ:EXPD) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Expeditors International of Washington (NASDAQ:EXPD) from a buy rating to a hold rating in a research report sent to investors on Sunday.

Other research analysts have also recently issued reports about the stock. TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Barclays raised 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 research report on Wednesday, November 6th. Finally, Bank of America cut their price target on 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. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $117.44.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $113.82 on Friday. The stock’s 50 day moving average price is $112.91 and its 200 day moving average price is $118.57. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a market cap of $15.93 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after acquiring an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington during the third quarter worth about $4,363,000. Pensionfund Sabic acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $1,329,000. Finally, Drystone LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $5,925,000. Hedge funds and other institutional investors 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.