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

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

Analysts Set New Price Targets

Several analysts recently issued reports on EXPD shares. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus lowered their price target on 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. Truist Financial began coverage on Expeditors International of Washington in a research report on Thursday. They set a “hold” rating and a $110.00 price target on the stock. Finally, Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Price Performance

The firm has a 50-day moving average price of $114.45 and a 200 day moving average price of $118.19. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This 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 company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $25,000. SRS Capital Advisors Inc. lifted its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Expeditors International of Washington during the fourth quarter worth $39,000. Colonial Trust Co SC lifted its stake in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth $42,000. Institutional investors and hedge funds 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.