Why Are Shares of Expeditors International of Washington (EXPD) Down Today?

Shares of Expeditors International of Washington fell to $110.16 during today's morning trading session. Despite the -5.4% change, the large-cap Fossil Fuel Exploration and Production company still trades 8.92% above its average analyst target price of $101.13. So there may be further downside for the Fossil Fuel Exploration and Production stock. Expeditors International of Washington has target prices ranging from $86.0 to $130.0 per share, and its average rating is hold.

Expeditors International of Washington has an average level of shares sold short, at 7.9% of its total share float. The stock's short ratio (also called days to cover) is 7.79. The company's insiders own 0.7% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 103.7% of Expeditors International of Washington's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Expeditors International of Washington

Date Reported Holder Percentage Shares Value
2022-12-31 Blackrock Inc. 13% 20,658,892 $2,275,680,223
2022-12-31 Vanguard Group, Inc. (The) 12% 19,052,121 $2,098,686,365
2022-12-31 State Street Corporation 6% 9,088,717 $1,001,167,610
2022-12-31 Loomis Sayles & Company, LP 4% 6,766,925 $745,410,615
2022-12-31 Geode Capital Management, LLC 2% 3,866,050 $425,864,733
2022-12-31 Bank of America Corporation 2% 3,011,991 $331,785,864
2022-12-31 First Eagle Investment Management, LLC 2% 2,752,069 $303,154,157
2022-12-31 Wellington Management Group, LLP 2% 2,639,973 $290,806,222
2022-12-31 Boston Partners 2% 2,553,140 $281,241,133
2022-12-31 Northern Trust Corporation 1% 2,246,792 $247,495,370
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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