Expeditors International of Washington (NASDAQ:EXPD) Downgraded to “Hold” Rating by StockNews.com

Expeditors International of Washington (NASDAQ:EXPD) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other research firms also recently commented on EXPD. Barclays increased 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 report on Wednesday, November 6th. TD Cowen increased their target price 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. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. 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’s stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Trading Up 1.0 %

Shares of NASDAQ:EXPD opened at $113.82 on Friday. Expeditors International of Washington has a 52 week low of $108.36 and a 52 week high of $131.59. The company’s 50 day moving average is $112.91 and its two-hundred day moving average is $118.62. The company has a market cap of $15.93 billion, a PE ratio of 22.19, a P/E/G ratio of 3.77 and a beta of 0.98.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s 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. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently made changes to their positions in EXPD. First Eagle Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $107,863,000. Boston Partners lifted its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP lifted its stake in shares of Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $55,036,000. Institutional investors and hedge funds 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.