Expeditors International of Washington (NASDAQ:EXPD) Given New $120.00 Price Target at Susquehanna

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

A number of other brokerages have also recently weighed in on EXPD. 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. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on 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. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Trading Up 0.9 %

NASDAQ EXPD opened at $118.39 on Monday. The stock has a market cap of $16.34 billion, a PE ratio of 20.70, a P/E/G ratio of 5.00 and a beta of 0.98. Expeditors International of Washington has a twelve month low of $108.36 and a twelve month high of $131.59. The stock has a fifty day simple moving average of $112.98 and a 200-day simple moving average of $118.34.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new position in shares of Expeditors International of Washington during the third quarter worth about $293,000. Farther Finance Advisors LLC grew its stake in Expeditors International of Washington by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock worth $144,000 after buying an additional 176 shares during the last quarter. Van ECK Associates Corp increased its position in Expeditors International of Washington by 10.3% during the third quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company’s stock worth $3,966,000 after buying an additional 3,092 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Expeditors International of Washington by 33.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 262,818 shares of the transportation company’s stock valued at $34,534,000 after buying an additional 65,186 shares during the last quarter. Finally, National Pension Service boosted its holdings in shares of Expeditors International of Washington by 8.6% in the third quarter. National Pension Service now owns 240,057 shares of the transportation company’s stock valued at $31,543,000 after acquiring an additional 19,065 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.