Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $120.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price boosted by Susquehanna from $115.00 to $120.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

EXPD has been the topic of several other reports. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. UBS Group cut their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Bank of America cut their price objective 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, JPMorgan Chase & Co. lowered their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $118.17 on Monday. The firm’s 50-day moving average price is $113.12 and its 200-day moving average price is $118.33. The company has a market capitalization of $16.31 billion, a PE ratio of 20.66, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several 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 in the 4th quarter worth approximately $25,000. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its holdings 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 worth $26,000 after acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $39,000. Finally, Colonial Trust Co SC grew 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 valued at $39,000 after buying an additional 130 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

About Expeditors International of Washington

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.