Expeditors International of Washington (NASDAQ:EXPD) Price Target Cut to $128.00 by Analysts at UBS Group

Expeditors International of Washington (NASDAQ:EXPD) had its price target decreased by UBS Group from $130.00 to $128.00 in a research note issued to investors on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

Other analysts also recently issued reports about the stock. Benchmark restated 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. Stifel Nicolaus reduced their target price 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. 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 on the stock in a report on Thursday, January 16th. Finally, StockNews.com cut 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 company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Stock Performance

EXPD opened at $116.44 on Wednesday. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. The company has a fifty day moving average of $112.54 and a 200 day moving average of $118.39. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on 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 directly 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 is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds have recently modified their holdings of the business. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $25,000. Hara Capital LLC acquired a new stake in Expeditors International of Washington during the third quarter worth about $26,000. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $39,000. Finally, Colonial Trust Co SC increased its position in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. 94.02% of the stock is currently 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.