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

Expeditors International of Washington (NASDAQ:EXPD) had its price objective lowered by UBS Group from $130.00 to $128.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

EXPD has been the topic of a number of other reports. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Bank of America lowered their price objective on 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays upped their price target 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. Finally, TD Cowen boosted their price objective 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. Four equities research 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, the stock has an average rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Stock Down 1.5 %

Shares of EXPD opened at $116.26 on Wednesday. The company has a market cap of $16.27 billion, a P/E ratio of 22.66, a PEG ratio of 3.87 and a beta of 0.98. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm’s 50 day moving average price is $112.63 and its 200 day moving average price is $118.43.

Insider Activity 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 value of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after buying an additional 987,233 shares in the last quarter. Norges Bank acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $107,863,000. Boston Partners increased 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 worth $420,693,000 after purchasing an additional 869,637 shares in the last quarter. First Trust Advisors LP raised its stake in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $55,036,000. 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.