UBS Group Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $138.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by investment analysts at UBS Group from $120.00 to $138.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. UBS Group’s price objective indicates a potential upside of 2.69% from the company’s previous close.

EXPD has been the topic of a number of other research reports. Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday. TD Cowen boosted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday, October 10th. Finally, Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Reduce” and an average price target of $128.78.

Expeditors International of Washington Trading Down 2.6%

Shares of EXPD stock opened at $134.39 on Wednesday. Expeditors International of Washington has a 12-month low of $100.47 and a 12-month high of $140.72. The business’s 50 day moving average is $121.63 and its two-hundred day moving average is $117.09. The company has a market capitalization of $18.24 billion, a P/E ratio of 23.49, a P/E/G ratio of 5.00 and a beta of 1.09.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $34,000. Ransom Advisory Ltd purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $41,000. Finally, Twin Tree Management LP acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $42,000. 94.02% of the stock is currently 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.