Expeditors International of Washington (NASDAQ:EXPD) Shares Gap Up - Here's Why

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $113.65, but opened at $119.07. Expeditors International of Washington shares last traded at $113.78, with a volume of 212,329 shares.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. UBS Group decreased their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $116.56.

Expeditors International of Washington Stock Down 0.7 %

The company has a market cap of $16.30 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. The company's 50-day moving average is $112.54 and its 200 day moving average is $118.39.

Insider Activity at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by company insiders.

Institutional Trading of Expeditors International of Washington

Institutional investors have recently modified their holdings of the stock. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $26,000. Coppell Advisory Solutions LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth about $25,000. SRS Capital Advisors Inc. raised its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington during the fourth quarter worth about $39,000. Finally, Colonial Trust Co SC increased its position in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

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.