Expeditors International of Washington’s (EXPD) Hold Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report report published on Wednesday,Benzinga reports.

EXPD has been the subject of several other reports. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. 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 note on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Stock Down 0.7 %

EXPD stock opened at $116.44 on Wednesday. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. Expeditors International of Washington has a 12-month low of $108.36 and a 12-month high of $131.59. The company’s fifty day simple moving average is $112.54 and its 200 day simple moving average is $118.39.

Insider Transactions at Expeditors International of Washington

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC boosted its holdings in Expeditors International of Washington by 16.2% during the fourth quarter. Ascent Group LLC now owns 15,476 shares of the transportation company’s stock worth $1,714,000 after purchasing an additional 2,155 shares during the last quarter. Forum Financial Management LP boosted its holdings in Expeditors International of Washington by 48.3% during the fourth quarter. Forum Financial Management LP now owns 2,419 shares of the transportation company’s stock worth $268,000 after purchasing an additional 788 shares during the last quarter. Alpine Global Management LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth about $504,000. City National Bank of Florida MSD purchased a new position in Expeditors International of Washington during the fourth quarter worth about $272,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Expeditors International of Washington by 1.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company’s stock worth $269,051,000 after purchasing an additional 27,965 shares during the last quarter. 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.