Expeditors International of Washington (NASDAQ:EXPD) Trading Up 5.1% - Here's Why

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report)'s share price rose 5.1% during mid-day trading on Friday . The stock traded as high as $127.51 and last traded at $126.91. Approximately 1,048,690 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 1,230,568 shares. The stock had previously closed at $120.74.

Analyst Upgrades and Downgrades

EXPD has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group lowered their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $116.56.

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Expeditors International of Washington Stock Performance

The company's 50-day moving average is $113.76 and its 200-day moving average is $118.34. The firm has a market cap of $17.48 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were 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. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXPD. Farther Finance Advisors LLC lifted its position 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 valued at $144,000 after purchasing an additional 176 shares during the period. Van ECK Associates Corp increased its stake in shares of Expeditors International of Washington by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company's stock valued at $3,966,000 after acquiring an additional 3,092 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Expeditors International of Washington by 12.6% in the 3rd quarter. Portside Wealth Group LLC now owns 3,147 shares of the transportation company's stock valued at $414,000 after acquiring an additional 352 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $3,645,000. Finally, Verdence Capital Advisors LLC increased its stake in shares of Expeditors International of Washington by 5.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,813 shares of the transportation company's stock valued at $1,552,000 after acquiring an additional 625 shares during the last quarter. 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.