Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $115.90 Consensus Target Price from Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have received a consensus recommendation of "Reduce" from the twelve research firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $115.90.

A number of equities analysts recently issued reports on EXPD shares. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. UBS Group dropped their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Finally, Susquehanna raised their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was 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 of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Expeditors International of Washington

Several large investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after acquiring an additional 987,233 shares during the last quarter. Norges Bank bought a new stake in Expeditors International of Washington in the 4th quarter valued at $107,863,000. Boston Partners lifted its position in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares in the last quarter. First Trust Advisors LP raised its holdings 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 acquiring an additional 690,539 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Expeditors International of Washington by 13,910.4% in the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock worth $61,021,000 after buying an additional 503,833 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 7.0 %

Shares of EXPD traded up $7.15 during mid-day trading on Friday, hitting $109.99. 2,348,361 shares of the company's stock traded hands, compared to its average volume of 1,272,156. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a market capitalization of $15.15 billion, a P/E ratio of 19.23, a PEG ratio of 5.00 and a beta of 1.03. The business's 50-day moving average price is $115.41 and its 200-day moving average price is $117.08.

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.