Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $116.56 Average Price Target from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received a consensus rating of "Reduce" from eleven brokerages that are currently analyzing the company, according to recent reports by Marketbeat. Out of these analysts, four have given the stock a sell rating, while seven have assigned a hold rating. The average target price for the next twelve months is estimated to be $116.56 based on the latest ratings from these brokerage firms.

In recent evaluations, various research analysts have shared their insights regarding EXPD shares. For instance, on February 16th, StockNews.com downgraded Expeditors International of Washington from a "buy" to a "hold" rating. On January 23rd, Stifel Nicolaus lowered their price target from $122.00 to $117.00, maintaining a "hold" rating. Earlier, on January 16th, Bank of America adjusted their price objective from $129.00 to $120.00, marking their stance as neutral. Additionally, on February 19th, UBS Group reduced their target price from $130.00 to $128.00, continuing with a neutral rating. Finally, Benchmark reiterated a hold rating for the stock on the same day as UBS's report.

Insider Trading at Expeditors International of Washington

In related developments, on February 20th, Vice President Jeffrey F. Dickerman sold 1,250 shares of the company. The shares fetched an average price of $117.54, resulting in a total transaction value of $146,925. After this sale, the vice president holds 7,296 shares of the company, with an estimated value of around $857,571.84. This transaction signifies a decrease in his ownership by 14.63%. The disclosed sale was filed with the SEC, where it can be reviewed.

Institutional Investment in Expeditors International of Washington

Several hedge funds and institutional investors have recently adjusted their stakes in Expeditors International of Washington. Charles Schwab Investment Management Inc. has increased its ownership by 6.6% during the third quarter, now holding 833,610 shares valued at approximately $109.54 million after acquiring an additional 51,265 shares. Franklin Resources Inc. also expanded its position by 18.9% in the same quarter, accumulating 193,486 shares valued at $23.62 million after buying 30,785 shares. Moreover, Point72 Asset Management L.P. entered a new stake in the company during the third quarter valued at about $4.36 million. In the fourth quarter, Pensionfund Sabic purchased a new position worth $1.33 million, while Drystone LLC acquired shares valued at approximately $5.93 million. Notably, institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Overview

As of Monday, shares of EXPD opened at $117.03. The company's 50-day moving average stands at $114.24, while the 200-day moving average is noted at $118.29. Expeditors International has a market capitalization of $16.15 billion, with a P/E ratio of 20.46 and a P/E/G ratio of 5.00. The stock has experienced a fifty-two week low of $108.36 and a high of $131.59.

Company Background

Expeditors International of Washington, Inc. and its subsidiaries provide a wide array of logistics services globally. This includes services related to air freight consolidation and forwarding, ocean freight consolidation and direct forwarding, customs brokerage, and warehousing. The company also offers specialized services such as time-definite transportation, temperature-controlled shipping, and supply chain solutions.

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