Expeditors International of Washington (NASDAQ:EXPD) Upgraded at StockNews.com

StockNews.com upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a buy rating in a report published on Saturday morning.

Several other equities analysts have also recently commented on the stock. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays upped their target price 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. Stifel Nicolaus cut their price target on 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. Finally, TD Cowen upped their price objective on 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. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $112.50 on Friday. Expeditors International of Washington has a one year low of $108.36 and a one year high of $131.59. The company’s 50-day simple moving average is $113.55 and its 200-day simple moving average is $118.91. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 3.77 and a beta of 0.98.

Insider Buying and Selling

In other Expeditors International of Washington news, 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 value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hara Capital LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $26,000. SRS Capital Advisors Inc. raised its holdings in 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 buying an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $57,000. Finally, Maia Wealth LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $59,000. 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.