Expeditors International of Washington (NASDAQ:EXPD) Sets New 12-Month High – Here’s What Happened

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $165.74 and last traded at $165.2410, with a volume of 126060 shares traded. The stock had previously closed at $163.55.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXPD. Barclays upped their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Truist Financial upped their target price on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price objective for the company from $138.00 to $166.00 in a report on Monday, November 17th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Stock Performance

The firm has a fifty day simple moving average of $154.25 and a two-hundred day simple moving average of $133.85. The firm has a market cap of $22.00 billion, a PE ratio of 28.70, a PEG ratio of 5.00 and a beta of 1.14.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction 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 sale, the director owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction 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 directly owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXPD. Swedbank AB lifted its holdings in shares of Expeditors International of Washington by 153.5% in the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock worth $4,422,000 after acquiring an additional 17,969 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Expeditors International of Washington by 5.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,847 shares of the transportation company’s stock worth $2,659,000 after purchasing an additional 930 shares during the period. QRG Capital Management Inc. raised its position in Expeditors International of Washington by 10.7% in the 4th quarter. QRG Capital Management Inc. now owns 12,726 shares of the transportation company’s stock worth $1,896,000 after purchasing an additional 1,233 shares during the period. Truist Financial Corp lifted its stake in Expeditors International of Washington by 0.8% in the fourth quarter. Truist Financial Corp now owns 82,909 shares of the transportation company’s stock worth $12,354,000 after purchasing an additional 645 shares during the last quarter. Finally, Sun Financial Inc purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $347,000. 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.