Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $115.90 Consensus Target Price from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given a consensus rating of “Reduce” by the twelve research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $115.90.

A number of equities research analysts have recently issued reports on the company. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Truist Financial started coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Finally, Susquehanna raised their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPD. Public Sector Pension Investment Board lifted its position in shares of Expeditors International of Washington by 19.6% during the third quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock worth $802,000 after purchasing an additional 1,000 shares in the last quarter. Captrust Financial Advisors increased its stake in Expeditors International of Washington by 11.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company’s stock worth $490,000 after buying an additional 395 shares during the period. Verition Fund Management LLC lifted its holdings in Expeditors International of Washington by 6.0% during the 3rd quarter. Verition Fund Management LLC now owns 14,628 shares of the transportation company’s stock worth $1,922,000 after buying an additional 822 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Expeditors International of Washington in the 3rd quarter valued at approximately $930,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington in the third quarter worth $4,363,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 1.5 %

Shares of NASDAQ EXPD opened at $109.00 on Friday. The stock has a market cap of $15.02 billion, a PE ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington has a 12-month low of $107.17 and a 12-month high of $131.59. The company has a 50-day moving average of $116.22 and a 200 day moving average of $117.63.

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.