Expeditors International of Washington (NASDAQ:EXPD) Coverage Initiated at Robert W. Baird

Equities researchers at Robert W. Baird assumed coverage on shares of Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) in a research note issued on Tuesday, MarketBeat reports. The brokerage set a "neutral" rating and a $124.00 price target on the transportation company's stock. Robert W. Baird's price target indicates a potential upside of 4.79% from the company's current price.

EXPD has been the subject of a number of other research reports. Susquehanna raised their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. TD Cowen reduced their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday, May 7th. UBS Group decreased their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays decreased their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $114.22.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.36 during trading on Tuesday, hitting $118.34. The company's stock had a trading volume of 258,384 shares, compared to its average volume of 1,405,024. The company has a market cap of $16.21 billion, a PE ratio of 20.69, a P/E/G ratio of 5.00 and a beta of 1.07. The business's 50 day simple moving average is $112.77 and its 200-day simple moving average is $113.24. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

Institutional Trading of Expeditors International of Washington

A number of institutional investors and hedge funds have recently made changes to their positions in EXPD. Fisher Asset Management LLC increased its position in shares of Expeditors International of Washington by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,265 shares of the transportation company's stock valued at $1,580,000 after buying an additional 177 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Expeditors International of Washington by 11.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock valued at $147,000 after buying an additional 140 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 904,737 shares of the transportation company's stock valued at $100,218,000 after buying an additional 71,127 shares in the last quarter. Finally, Keybank National Association OH increased its position in shares of Expeditors International of Washington by 4.7% in the fourth quarter. Keybank National Association OH now owns 3,452 shares of the transportation company's stock valued at $382,000 after buying an additional 156 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other 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.