Barclays Forecasts Strong Price Appreciation for Expeditors International of Washington (NASDAQ:EXPD) Stock

Expeditors International of Washington (NASDAQ:EXPD) had its price objective upped by equities research analysts at Barclays from $110.00 to $135.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential downside of 17.78% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Truist Financial raised their price objective on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Morgan Stanley increased their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $134.10.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $1.98 during trading hours on Thursday, reaching $164.20. The company’s stock had a trading volume of 633,090 shares, compared to its average volume of 1,104,019. The business’s 50-day moving average is $148.71 and its 200-day moving average is $129.67. Expeditors International of Washington has a one year low of $100.47 and a one year high of $164.45. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

Insider Transactions at Expeditors International of Washington

In other 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 completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. This represents a 19.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director owned 6,468 shares of the company’s stock, 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. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently added to or reduced their stakes in the stock. RIA Advisory Group LLC lifted its stake in Expeditors International of Washington by 2.7% in the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares during the period. Atria Investments Inc raised its holdings in shares of Expeditors International of Washington by 0.3% in the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock valued at $3,830,000 after buying an additional 91 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Expeditors International of Washington by 3.9% during the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock worth $310,000 after buying an additional 101 shares during the last quarter. Finally, Wynn Capital LLC increased its position in Expeditors International of Washington by 2.5% in the 4th quarter. Wynn Capital LLC now owns 4,149 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 101 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.