Examining the Potential Price Growth of Expeditors International of Washington Inc. (EXPD)


Expeditors International of Washington Inc.’s recently made public that its President and CEO Musser Jeffrey S unloaded Company’s shares for reported $3.34 million on Jun 01. In the deal valued at $111.30 per share,30,041 shares were sold. As a result of this transaction, Musser Jeffrey S now holds 116,587 shares worth roughly $ 13.47 million.

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Then, Dickerman Jeffrey F sold 1,608 shares, generating $189,567 in total proceeds. Upon selling the shares at $117.89, the Senior VP/Gen Counsel/Corp Sec now owns 5,484 shares.

Before that, POWELL BRADLEY S sold 12,138 shares. Expeditors International of Washington Inc. shares valued at $1,432,454 were divested by the Senior VP – CFO at a price of $118.01 per share. As a result of the transaction, POWELL BRADLEY S now holds 0 shares, worth roughly $0.0.

JP Morgan initiated its Expeditors International of Washington Inc. [EXPD] rating to an Underweight in a research note published on Tuesday, August 11, 2023; the price target was $110. PT values the company’s stock at a premium of -5.05 to its Tuesday closing price.

Price Performance Review of EXPD

On Tuesday, Expeditors International of Washington Inc. [NASDAQ:EXPD] saw its stock fall -0.70% to $115.56. On the same session, the stock had its day’s lowest price of $115.47, but rose to a high of $117.64. Over the last five days, the stock has gained 0.48%. Expeditors International of Washington Inc. shares have risen nearly 11.20% since the year began. Nevertheless, the stocks have risen 11.32% over the past one year. While a 52-week high of $128.04 was reached on 07/31/23, a 52-week low of $86.08 was recorded on 03/24/23. SMA at 50 days reached $120.03, while 200 days put it at $113.05. A total of 1.18 million shares were traded, compared to the trading of 1.02 million shares in the previous session.

Levels Of Support And Resistance For EXPD Stock

The 24-hour chart illustrates a support level at 114.81, which if violated will result in even more drops to 114.05. On the upside, there is a resistance level at 116.98. A further resistance level may holdings at 118.39. The Relative Strength Index (RSI) on the 14-day chart is 42.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.58%. Stochastics %K at 58.47% indicates the stock is a holding.

How much short interest is there in Expeditors International of Washington Inc.?

A steep rise in short interest was recorded in Expeditors International of Washington Inc. stocks on Aug 14, 2023, dropping by -1.57 million shares to a total of 7.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.72 million shares. There was a decline of -21.96%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.94.

Expeditors International of Washington Inc. [EXPD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,626,034 shares, or roughly 11.54% of the outstanding EXPD shares. In other words, the investor’s shares have fallen by -786,474 from its previous 13-F filing of 18412508.0. Additionally, BlackRock Fund Advisors decreased -5.65% of its stake after which the total value it holdings stand at $1,550,377,534, while SSgA Funds Management, Inc. reduced -4.20% of its stake to hold $1.05 billion in the firm. Over the last quarter, Loomis, Sayles & Co. LP sold -178,678 shares of Expeditors International of Washington Inc., while Geode Capital Management LLC sold -16,181 shares. At present, Boston Partners Global Investors, is holding 2,984,482 shares valued at $379.92 million. First Eagle Investment Management owned 2,725,566 shares of the company at the time of its most recent 13F filing, worth $346.96 million.

According to FactSet, Expeditors International of Washington Inc.’s share price will average $106.75 in the next year, based on opinions of analysts polled by the firm. This is down nearly -8.05 percent from its previous closing price of $116.37. Analysts expect Expeditors International of Washington Inc. stock to reach the higher price of $120.00, while the lowest price estimate is $86.00.


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