Expeditors International of Washington (NASDAQ:EXPD) Shares Up 5.1% – Time to Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares were up 5.1% during mid-day trading on Friday . The company traded as high as $127.51 and last traded at $126.91. Approximately 1,048,690 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 1,230,568 shares. The stock had previously closed at $120.74.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced 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 research report on Thursday, January 23rd. 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, February 19th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Bank of America decreased their price objective 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 restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Price Performance

The stock has a fifty day moving average of $113.76 and a 200 day moving average of $118.37. The firm has a market capitalization of $17.48 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. 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

Large investors have recently added to or reduced their stakes in the company. NDVR Inc. increased its stake in shares of Expeditors International of Washington by 5.8% in the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock worth $201,000 after purchasing an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC grew its stake in Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after buying an additional 100 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the period. Chapman Investment Management LLC lifted its position in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after acquiring an additional 112 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in shares of Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after acquiring an additional 113 shares during the period. 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.