JPMorgan Chase & Co. Issues Pessimistic Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $114.00 to $108.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 7.80% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Stifel Nicolaus decreased 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. TD Cowen raised their price objective on shares of 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. Finally, Barclays upped 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 report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded down $0.90 during mid-day trading on Wednesday, hitting $117.14. 439,509 shares of the stock were exchanged, compared to its average volume of 1,035,638. Expeditors International of Washington has a twelve month low of $108.36 and a twelve month high of $131.59. The stock’s fifty day simple moving average is $112.72 and its two-hundred day simple moving average is $118.45. The company has a market cap of $16.40 billion, a P/E ratio of 22.84, a PEG ratio of 3.87 and a beta of 0.98.

Insiders Place Their Bets

In other 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 transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $25,000. Hara Capital LLC bought a new stake in Expeditors International of Washington during the third quarter worth about $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 431.8% in 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 in the fourth quarter valued at $39,000. Finally, Colonial Trust Co SC grew its holdings in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the period. 94.02% of the stock is currently owned by 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.