Expeditors International of Washington (NASDAQ:EXPD) Trading Down 1.7% – Should You Sell?

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) dropped 1.7% on Friday . The company traded as low as $114.00 and last traded at $114.50. Approximately 357,748 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,328,512 shares. The stock had previously closed at $116.49.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Bank of America reduced their price target on 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Price Performance

The stock has a market cap of $15.98 billion, a PE ratio of 20.24, a P/E/G ratio of 5.00 and a beta of 1.00. The business has a fifty day moving average of $114.24 and a 200 day moving average of $118.29.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC grew its position in Expeditors International of Washington by 32.0% during 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 in the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $107,863,000. Boston Partners increased its holdings in 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 worth $420,693,000 after buying an additional 869,637 shares during the last quarter. First Trust Advisors LP increased its holdings in 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 worth $302,936,000 after buying an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $55,036,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

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.