Expeditors International of Washington (NASDAQ:EXPD) Sets New 1-Year Low – Here’s What Happened

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week low on Wednesday . The company traded as low as $100.47 and last traded at $101.64, with a volume of 20742 shares traded. The stock had previously closed at $102.84.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EXPD. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Truist Financial assumed coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective for the company. 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 has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Price Performance

The stock has a 50 day simple moving average of $115.56 and a 200-day simple moving average of $117.24. The firm has a market cap of $14.06 billion, a PE ratio of 17.87, a PEG ratio of 5.00 and a beta of 1.03.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the fourth quarter valued at about $39,000. Colonial Trust Co SC boosted its position in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth about $42,000. Institutional investors own 94.02% of the company’s stock.

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.