Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $117.44

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average recommendation of “Reduce” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $116.56.

A number of research firms have weighed in on EXPD. UBS Group decreased their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Bank of America decreased their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday.

Expeditors International of Washington Trading Down 1.5 %

Shares of EXPD stock opened at $116.26 on Thursday. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 3.87 and a beta of 0.98. The stock has a 50-day moving average of $112.63 and a 200-day moving average of $118.43.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at $25,000. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $26,000. SRS Capital Advisors Inc. lifted its position in Expeditors International of Washington by 431.8% in the 4th 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 in the last quarter. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $39,000. Finally, Colonial Trust Co SC increased its holdings in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds 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.