Expeditors International of Washington (NASDAQ:EXPD) Trading Down 5.1% – Here’s What Happened

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price dropped 5.1% during trading on Tuesday . The stock traded as low as $139.13 and last traded at $141.9750. Approximately 511,713 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,631,095 shares. The stock had previously closed at $149.63.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Barclays upped their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Morgan Stanley raised their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Stock Down 8.8%

The stock has a market cap of $18.29 billion, a PE ratio of 23.86, a PEG ratio of 5.00 and a beta of 1.13. The stock’s fifty day moving average price is $156.14 and its 200 day moving average price is $138.08.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) 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%.Expeditors International of Washington’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Expeditors International of Washington

A number of large investors have recently made changes to their positions in the stock. Signaturefd LLC grew its position in Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after purchasing an additional 71 shares during the period. RIA Advisory Group LLC boosted its position in Expeditors International of Washington by 2.7% in the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after purchasing an additional 78 shares during the last quarter. Rossby Financial LCC grew its stake in shares of Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the period. Claro Advisors Inc. increased its position in shares of Expeditors International of Washington by 5.0% during the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in shares of Expeditors International of Washington by 4.2% in the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares during the period. 94.02% of the stock is currently owned by institutional investors.

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.