Expeditors International of Washington (NASDAQ:EXPD) Given New $120.00 Price Target at Susquehanna

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price objective lifted by stock analysts at Susquehanna from $115.00 to $120.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's target price would suggest a potential downside of 0.60% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $116.56.

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Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $2.64 during trading hours on Monday, reaching $120.73. The company's stock had a trading volume of 1,386,652 shares, compared to its average volume of 1,241,080. The company's 50 day simple moving average is $113.26 and its 200 day simple moving average is $118.33. Expeditors International of Washington has a one year low of $108.36 and a one year high of $131.59. The stock has a market cap of $16.66 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insider Transactions 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 that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company's stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The stock was 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 of the company's stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NDVR Inc. lifted its position in Expeditors International of Washington by 5.8% in the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after purchasing an additional 99 shares during the period. Azimuth Capital Investment Management LLC lifted its position in Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after buying an additional 100 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of 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 purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC boosted its position in Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after buying an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after acquiring an additional 113 shares during the last quarter. Institutional investors 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.