UBS Group Lowers Expeditors International of Washington (NASDAQ:EXPD) Price Target to $128.00

Expeditors International of Washington (NASDAQ:EXPD - Free Report) had its price objective reduced by UBS Group from $130.00 to $128.00 in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the transportation company's stock.

A number of other equities analysts also recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $116.56.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $0.82 on Wednesday, hitting $116.44. 2,753,509 shares of the company's stock were exchanged, compared to its average volume of 1,063,750. The business's 50 day simple moving average is $112.58 and its two-hundred day simple moving average is $118.43. The stock has a market capitalization 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. Expeditors International of Washington has a 12 month low of $108.36 and a 12 month high of $131.59.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 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 available at this hyperlink. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EXPD. Blue Trust Inc. raised its stake in shares of Expeditors International of Washington by 106.9% during the 3rd quarter. Blue Trust Inc. now owns 2,257 shares of the transportation company's stock worth $282,000 after buying an additional 1,166 shares during the period. Raymond James & Associates raised its stake in shares of Expeditors International of Washington by 2.2% during the 3rd quarter. Raymond James & Associates now owns 274,813 shares of the transportation company's stock worth $36,110,000 after buying an additional 6,014 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after buying an additional 308,390 shares during the period. Sequoia Financial Advisors LLC raised its stake in Expeditors International of Washington by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,744 shares of the transportation company's stock valued at $361,000 after purchasing an additional 178 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at $293,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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.