Expeditors International of Washington (NASDAQ:EXPD) Reaches New 1-Year High – Should You Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $165.74 and last traded at $165.2410, with a volume of 126060 shares changing hands. The stock had previously closed at $163.55.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent analyst reports. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their target price for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Truist Financial raised their price target on Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Morgan Stanley upped their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Stock Up 0.4%

The stock has a market cap of $22.00 billion, a PE ratio of 28.70, a PEG ratio of 5.00 and a beta of 1.14. The business’s 50-day simple moving average is $154.25 and its 200-day simple moving average is $133.85.

Insider Transactions at Expeditors International of Washington

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

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC lifted its stake in Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $34,000. Community Bank N.A. purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $34,000. Geneos Wealth Management Inc. lifted its position in Expeditors International of Washington by 132.3% during the fourth 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 during the period. Finally, Oakworth Capital Inc. boosted its holdings in Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after purchasing an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.