Expeditors International of Washington (NASDAQ:EXPD) Upgraded at StockNews.com

StockNews.com upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a buy rating in a research note issued to investors on Saturday.

EXPD has been the topic of a number of other research reports. Bank of America dropped their target price on 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. Barclays increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $112.50 on Friday. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 3.77 and a beta of 0.98. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The business’s 50-day moving average is $113.55 and its 200-day moving average is $118.91.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred 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 approximately $1,170,164.82. This 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 can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds have recently modified their holdings of the business. Manchester Capital Management LLC raised its stake in Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after acquiring an additional 103 shares in the last quarter. Chapman Investment Management LLC raised its stake in 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. OLD National Bancorp IN raised its stake in Expeditors International of Washington by 5.3% during 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 in the last quarter. Lindenwold Advisors INC raised its stake in Expeditors International of Washington by 0.7% during the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after acquiring an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC raised its stake in Expeditors International of Washington by 5.9% during the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after acquiring an additional 115 shares in the last quarter. 94.02% of the stock is owned by 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.