Expeditors International of Washington (NASDAQ:EXPD) Trading Down 5.3% - Here's Why

Key Points

• Shares plunged 5.3% intraday to about $139.48, with only 245,932 shares traded (an 83% drop versus average volume).
• Analysts have trimmed targets and ratings recently, leaving a MarketBeat consensus rating of "Reduce" and a consensus price target of $134.30.
• Expeditors beat quarterly EPS estimates ($1.49 vs. $1.46) but reported revenue down 3.3% year‑over‑year; the company has a market cap around $18.6 billion and a P/E of 24.41.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) fell 5.3% during mid-day trading on Monday . The stock traded as low as $138.23 and last traded at $139.4790. 245,932 shares changed hands during trading, a decline of 83% from the average session volume of 1,408,125 shares. The stock had previously closed at $147.23.

Analyst Ratings Changes

Several research firms recently issued reports on EXPD. Truist Financial dropped their price target on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, February 25th. Bank of America raised Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. Susquehanna dropped their target price on Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Barclays raised their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $134.30.

Expeditors International of Washington Stock Down 5.2%

The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 5.00 and a beta of 1.04. The company has a 50-day moving average price of $145.31 and a 200-day moving average price of $146.24.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the company posted $1.68 EPS. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently bought and sold shares of EXPD. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth approximately $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter worth approximately $32,000. Finally, Community Bank N.A. acquired a new stake in Expeditors International of Washington in the third quarter worth approximately $34,000. Institutional investors own 94.02% of the company's stock.

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.

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