Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $128.80 Consensus Price Target from Brokerages

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average rating of “Reduce” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $128.80.

A number of analysts have recently issued reports on EXPD shares. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Truist Financial increased their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Barclays lifted 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 report on Thursday, September 11th. Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after acquiring an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Expeditors International of Washington by 17.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Expeditors International of Washington by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock valued at $656,363,000 after purchasing an additional 83,366 shares in the last quarter. First Trust Advisors LP increased its holdings in Expeditors International of Washington by 19.3% during the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after purchasing an additional 335,578 shares during the last quarter. Finally, Marshfield Associates raised its position in shares of Expeditors International of Washington by 4.6% in the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after purchasing an additional 86,182 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 1.8%

EXPD stock opened at $157.23 on Friday. The company has a market cap of $21.07 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14. The stock has a 50-day moving average price of $144.69 and a two-hundred day moving average price of $127.85. Expeditors International of Washington has a 12-month low of $100.47 and a 12-month high of $157.89.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s payout ratio is 25.12%.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.