Morgan Stanley Boosts Expeditors International of Washington (NASDAQ:EXPD) Price Target to $95.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target increased by equities research analysts at Morgan Stanley from $90.00 to $95.00 in a report released on Monday,Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective indicates a potential downside of 35.67% from the company’s previous close.

A number of other brokerages also recently weighed in on EXPD. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Finally, Truist Financial upped their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $128.20.

Expeditors International of Washington Trading Down 0.3%

EXPD opened at $147.68 on Monday. The business has a 50 day moving average of $131.74 and a 200-day moving average of $122.42. The stock has a market capitalization of $19.79 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington has a 1-year low of $100.47 and a 1-year high of $151.67.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated 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 sale, the director owned 6,468 shares in the company, valued at $874,797. This trade represents a 45.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after buying an additional 918,108 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock valued at $656,363,000 after buying an additional 83,366 shares during the period. Boston Partners raised its position in shares of Expeditors International of Washington by 13.1% during the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after acquiring an additional 498,212 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after acquiring an additional 576,468 shares during the last quarter. 94.02% of the stock is 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.