Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $134.10 Average Target Price from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given an average rating of “Reduce” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $134.10.

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their target price for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Barclays increased their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Finally, Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently added to or reduced their stakes in EXPD. Sigma Planning Corp acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $227,000. Keybank National Association OH raised its stake in Expeditors International of Washington by 3.2% during the 4th quarter. Keybank National Association OH now owns 3,204 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 100 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in Expeditors International of Washington by 1,723.1% in the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares during the period. Wealthfront Advisers LLC grew its position in Expeditors International of Washington by 5.2% in the 4th quarter. Wealthfront Advisers LLC now owns 26,995 shares of the transportation company’s stock worth $4,023,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in Expeditors International of Washington in the 4th quarter worth $96,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $160.48 on Thursday. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $164.48. The firm has a market cap of $21.51 billion, a PE ratio of 28.06, a P/E/G ratio of 5.00 and a beta of 1.14. The firm’s 50 day moving average price is $153.87 and its two-hundred day moving average price is $133.36.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is currently 25.12%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.