Expeditors International of Washington (NASDAQ:EXPD) Given “Hold” Rating at Benchmark

Expeditors International of Washington (NASDAQ:EXPD)‘s stock had its “hold” rating reiterated by equities research analysts at Benchmark in a report issued on Wednesday,Benzinga reports.

Other equities research analysts have also issued reports about the company. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday. Stifel Nicolaus decreased 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 note 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 company an “underweight” rating in a research note on Wednesday, November 6th. Finally, 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 report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Stock Up 4.0 %

Shares of NASDAQ EXPD opened at $118.24 on Wednesday. The stock has a market capitalization of $16.55 billion, a PE ratio of 23.05, a P/E/G ratio of 3.87 and a beta of 0.98. The firm has a fifty day moving average of $112.72 and a 200-day moving average of $118.45. Expeditors International of Washington has a 52-week low of $108.36 and a 52-week high of $131.59.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently modified their holdings of EXPD. Coppell Advisory Solutions LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $25,000. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at about $26,000. SRS Capital Advisors Inc. grew its position in shares of Expeditors International of Washington by 431.8% during the 4th 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 last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $39,000. Finally, Colonial Trust Co SC lifted its holdings in 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 last quarter. 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.