Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Price Target at $115.90

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given an average rating of “Reduce” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $115.90.

A number of brokerages have issued reports on EXPD. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target for the company. UBS Group cut their price objective 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, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds have recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Expeditors International of Washington by 6.5% in the first quarter. Versant Capital Management Inc now owns 3,209 shares of the transportation company’s stock valued at $386,000 after buying an additional 196 shares during the last quarter. California State Teachers Retirement System grew its stake in Expeditors International of Washington by 19.5% in the 4th quarter. California State Teachers Retirement System now owns 334,784 shares of the transportation company’s stock worth $37,084,000 after acquiring an additional 54,564 shares during the period. Wood Tarver Financial Group LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at $59,000. Smith Shellnut Wilson LLC ADV lifted its stake in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,320 shares of the transportation company’s stock worth $257,000 after purchasing an additional 118 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.5 %

Expeditors International of Washington stock opened at $109.00 on Friday. The company has a fifty day simple moving average of $116.22 and a 200-day simple moving average of $117.63. The stock has a market cap of $15.02 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington has a 12-month low of $107.17 and a 12-month high of $131.59.

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.