Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $117.44 Consensus Price Target from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned an average recommendation of “Reduce” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $117.44.

Several research analysts recently commented on the stock. Bank of America reduced their target price on shares of 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. TD Cowen increased their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a 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 research note on Thursday, January 23rd. StockNews.com upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th.

Insider Transactions at Expeditors International of Washington

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 transaction, the director now directly owns 9,662 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after acquiring an additional 51,265 shares during the period. Point72 Asset Management L.P. bought a new position in Expeditors International of Washington in the 3rd quarter valued at about $4,363,000. Franklin Resources Inc. increased its holdings in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares during the period. Pensionfund Sabic bought a new position in Expeditors International of Washington in the 4th quarter valued at about $1,329,000. Finally, Drystone LLC bought a new position in Expeditors International of Washington in the 4th quarter valued at about $5,925,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 1.0 %

Shares of EXPD stock opened at $113.82 on Thursday. The firm has a fifty day moving average of $112.91 and a 200-day moving average of $118.62. Expeditors International of Washington has a 12-month low of $108.36 and a 12-month high of $131.59. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 3.77 and a beta of 0.98.

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.