Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $114.22 Average PT from Analysts

Key Points

• Expeditors International of Washington, Inc. has received an average rating of "Reduce" from analysts, with five ratings categorized as sell and seven as hold.
• Institutional investors and hedge funds own 94.02% of Expeditors' stock, indicating strong backing from large financial entities.
• The company's current price target among analysts averages at $114.22, reflecting a cautious outlook on its future performance.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been assigned a consensus rating of "Reduce" from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $114.2222.

A number of research analysts have recently weighed in on the company. Truist Financial increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Barclays cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Finally, TD Cowen cut their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company's stock worth $717,470,000 after buying an additional 918,108 shares in the last quarter. First Trust Advisors LP lifted its stake in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after acquiring an additional 690,539 shares in the last quarter. Invesco Ltd. boosted its position in Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock worth $365,548,000 after acquiring an additional 576,468 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock worth $61,021,000 after acquiring an additional 503,833 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock worth $516,385,000 after acquiring an additional 498,212 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.7%

Shares of EXPD traded down $0.77 on Thursday, reaching $117.96. 1,123,776 shares of the company's stock were exchanged, compared to its average volume of 1,387,708. The business has a 50 day moving average price of $114.79 and a two-hundred day moving average price of $114.01. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a market capitalization of $16.15 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

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.