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

Expeditors International of Washington (NASDAQ:EXPD) had its price target cut by equities research analysts at UBS Group from $130.00 to $128.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 8.48% from the stock’s previous close.

A number of other research analysts have also commented on EXPD. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays increased 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday. TD Cowen increased their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $116.44.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $118.00 on Wednesday. Expeditors International of Washington has a 52 week low of $108.36 and a 52 week high of $131.59. The firm has a market cap of $16.52 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. The firm’s 50-day simple moving average is $112.72 and its 200 day simple moving average is $118.45.

Insider Activity

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after acquiring an additional 987,233 shares in the last quarter. Norges Bank purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $107,863,000. Boston Partners grew its position in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after buying an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $55,036,000. 94.02% of the stock is currently owned by 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.