Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Upgraded by StockNews.com

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts have also recently issued reports about the company. TD Cowen upped their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their price objective on 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. Barclays raised 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 research report on Wednesday, November 6th. Finally, 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 for the company in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $110.54 on Friday. The firm has a fifty day moving average price of $113.73 and a 200 day moving average price of $119.00. The stock has a market cap of $15.47 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. Expeditors International of Washington has a 1-year low of $108.36 and a 1-year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

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 transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds have recently bought and sold shares of EXPD. Charles Schwab Investment Management Inc. raised its stake in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington in the third quarter valued at approximately $4,363,000. Franklin Resources Inc. lifted its stake in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares during the period. Pensionfund Sabic acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $1,329,000. Finally, Drystone LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $5,925,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

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.