Expeditors International of Washington’s (EXPD) Hold Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research note released on Wednesday,Benzinga reports.

EXPD has been the topic of a number of other reports. Stifel Nicolaus reduced 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 research report on Thursday, January 23rd. Barclays raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $116.26 on Wednesday. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a market cap of $16.27 billion, a P/E ratio of 22.66, a P/E/G ratio of 3.87 and a beta of 0.98. The business’s 50 day moving average price is $112.63 and its 200-day moving average price is $118.43.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. NDVR Inc. lifted its holdings in shares of Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its stake in Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC lifted its stake in Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the period. Chapman Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after acquiring an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

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.