StockNews.com upgraded shares of Expeditors International of Washington (NASDAQ:EXPD - Free Report) from a hold rating to a buy rating in a report published on Saturday morning.
Other analysts have also issued reports about the stock. Bank of America reduced their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays upped their price objective 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. Stifel Nicolaus reduced their price objective 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. Finally, TD Cowen upped their price objective on shares of 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. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and an average price target of $117.44.
Check Out Our Latest Research Report on Expeditors International of Washington
Expeditors International of Washington Trading Down 0.1 %
EXPD stock traded down $0.12 during trading on Friday, hitting $112.38. The company had a trading volume of 705,227 shares, compared to its average volume of 999,220. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 3.77 and a beta of 0.98. The business has a 50 day moving average of $113.38 and a 200 day moving average of $118.83. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.
Insiders Place Their Bets
In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company's stock.
Hedge Funds Weigh In On Expeditors International of Washington
Several institutional investors have recently modified their holdings of the business. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $39,000. TD Private Client Wealth LLC increased its holdings in shares of Expeditors International of Washington by 41.0% during the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock worth $54,000 after acquiring an additional 142 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $57,000. Institutional investors own 94.02% of the company's stock.
About Expeditors International of Washington
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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.
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