Expeditors International of Washington (NASDAQ:EXPD) Given New $128.00 Price Target at UBS Group

Expeditors International of Washington (NASDAQ:EXPD) had its price objective trimmed by UBS Group from $130.00 to $128.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Bank of America decreased 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 report on Thursday, January 16th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Finally, StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $116.26 on Wednesday. The company has a market capitalization of $16.27 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. The company’s fifty day moving average price is $112.63 and its 200 day moving average price is $118.43. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were 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 directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after acquiring an additional 987,233 shares during the last quarter. Norges Bank acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $107,863,000. Boston Partners grew its holdings in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $55,036,000. Hedge funds and other institutional investors 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.