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

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

Other research analysts have also issued reports about the company. TD Cowen upped their target price on 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 on the stock in a report on Thursday, January 23rd. Barclays lifted 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 note on Wednesday, November 6th. Finally, Bank of America dropped their target price 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. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Trading Up 4.0 %

NASDAQ EXPD opened at $118.24 on Friday. Expeditors International of Washington has a 12-month low of $108.36 and a 12-month high of $131.59. The firm’s fifty day simple moving average is $112.72 and its two-hundred day simple moving average is $118.45. The firm has a market capitalization of $16.55 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.77 and a beta of 0.98.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth $25,000. SRS Capital Advisors Inc. grew its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington in the fourth quarter valued at $39,000. Finally, Colonial Trust Co SC raised its position in shares of Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after acquiring an additional 130 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

About Expeditors International of Washington

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.