Worth Watching: What Will Happen to Expeditors International of Washington Next? The Stock Just Declined A Lot

Worth Watching: What Will Happen to Expeditors International of Washington Next? The Stock Just Declined A Lot

The stock of Expeditors International of Washington (NASDAQ:EXPD) is a huge mover today! About 2.08 million shares traded hands or 63.78% up from the average. Expeditors International of Washington (NASDAQ:EXPD) has risen 8.75% since April 6, 2016 and is uptrending. It has outperformed by 6.79% the S&P500.
The move comes after 5 months negative chart setup for the $9.35 billion company. It was reported on Nov, 8 by Barchart.com. We have $46.98 PT which if reached, will make NASDAQ:EXPD worth $654.50 million less.

Expeditors International of Washington (NASDAQ:EXPD) Ratings Coverage

Out of 12 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. Expeditors International of Washington has been the topic of 23 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Expeditors International of Washington (NASDAQ:EXPD) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. As per Tuesday, December 15, the company rating was initiated by Buckingham Research. The firm has “Sector Perform” rating given on Thursday, January 7 by RBC Capital Markets. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. On Wednesday, August 19 the stock rating was initiated by Evercore with “Hold”. The firm has “Buy” rating by S&P Research given on Tuesday, September 22. Susquehanna downgraded the stock to “Positive” rating in Tuesday, August 11 report. The rating was upgraded by Stifel Nicolaus to “Hold” on Tuesday, August 25. The stock of Expeditors International of Washington (NASDAQ:EXPD) earned “Hold” rating by Stifel Nicolaus on Thursday, August 4. The rating was initiated by Cowen & Co with “Market Perform” on Friday, March 18.

According to Zacks Investment Research, “Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The company’s services include the consolidation or forwarding of air and ocean freight. In each U.S. office, and in many overseas offices, the company acts as a customs broker. The company also provides additional services including distribution management, vendor consolidation, cargo insurance, and purchase order management.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.18, from 0.82 in 2016Q1. The ratio is positive, as 43 funds sold all Expeditors International of Washington shares owned while 170 reduced positions. 37 funds bought stakes while 177 increased positions. They now own 164.14 million shares or 2.34% less from 168.07 million shares in 2016Q1.
Commerzbank Aktiengesellschaft Fi holds 0% of its portfolio in Expeditors International of Washington (NASDAQ:EXPD) for 9,319 shares. Ashfield Limited Liability Company has 69,737 shares for 0.27% of their US portfolio. British Columbia Invest last reported 0.05% of its portfolio in the stock. Virginia Retirement Et Al holds 0.03% of its portfolio in Expeditors International of Washington (NASDAQ:EXPD) for 41,000 shares. Retirement Of Alabama, a Alabama-based fund reported 92,816 shares. Panagora Asset holds 0.01% of its portfolio in Expeditors International of Washington (NASDAQ:EXPD) for 42,465 shares. Bbva Compass Bancshares reported 127,347 shares or 0.47% of all its holdings. Moreover, Raymond James Fincl Serv has 0.01% invested in Expeditors International of Washington (NASDAQ:EXPD) for 13,214 shares. Fmr Llc has 0% invested in the company for 401,312 shares. Moreover, Ameriprise Finance Inc has 0.07% invested in Expeditors International of Washington (NASDAQ:EXPD) for 2.33M shares. Proshare Advsr Lc last reported 0.02% of its portfolio in the stock. Northern Trust last reported 2.31 million shares in the company. Cobblestone Advisors Ltd Liability Corporation Ny holds 8,569 shares or 0.06% of its portfolio. Value Advisers Ltd Liability Com last reported 3.10 million shares in the company. Piershale Fincl Gp has invested 0.05% of its portfolio in Expeditors International of Washington (NASDAQ:EXPD).

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 3 selling transactions for $2.45 million net activity. ALGER EUGENE K sold 12,460 shares worth $604,310. Wall Daniel R sold $489,700 worth of stock or 10,000 shares. On Wednesday, August 17 MALONE MICHAEL J sold $1.36M worth of the stock or 26,646 shares.

More important recent Expeditors International of Washington (NASDAQ:EXPD) news were published by: Nasdaq.com which released: “Expeditors International of Washington Inc. Q3 Earnings Drop 9%” on November 08, 2016, also Forbes.com published article titled: “Expeditors International of Washington Reaches Analyst Target Price”, Forbes.com published: “Relative Strength Alert For Expeditors International of Washington” on October 18, 2016. More interesting news about Expeditors International of Washington (NASDAQ:EXPD) was released by: Forbes.com and their article: “Carmax Becomes #11 Most Shorted S&P 500 Component, Replacing Expeditors …” with publication date: August 10, 2016.

EXPD Company Profile

Expeditors International of Washington, Inc., incorporated on May 29, 1979, is a logistics company. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. In addition, the Company’s Project Cargo unit handles special project shipments that move through a single method or combination of air, ocean, and/or ground transportation. The Company’s primary services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. The Firm is managed along five geographic areas: the Americas; North Asia; South Asia; Europe, and the Middle East, Africa and India.

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