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

Expeditors International of Washington (NASDAQ:EXPD) had its price target lifted by investment analysts at Barclays from $110.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential downside of 17.01% from the company’s current price.

A number of other brokerages have also weighed in on EXPD. Morgan Stanley lifted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their target price for the stock from $138.00 to $166.00 in a report on Monday, November 17th. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Finally, Truist Financial upped their price target on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $162.66 on Thursday. The company has a market capitalization of $21.80 billion, a PE ratio of 28.44, a P/E/G ratio of 5.00 and a beta of 1.14. The company has a 50 day moving average price of $149.80 and a 200-day moving average price of $130.24. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $164.48.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director directly owned 6,468 shares in the company, valued at $874,797. The trade was a 45.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction dated Wednesday, November 5th. The shares were 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 owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Hedge funds have recently modified their holdings of the stock. RIA Advisory Group LLC increased its holdings in shares of 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 in the last quarter. HighPoint Advisor Group LLC grew 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 valued at $256,000 after acquiring an additional 84 shares in the last quarter. Atria Investments Inc increased its stake in Expeditors International of Washington by 0.3% in the 2nd 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 period. Frank Rimerman Advisors LLC increased its stake in shares of Expeditors International of Washington by 1.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Expeditors International of Washington by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock worth $310,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

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.