Analysts Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) PT at $128.80

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has earned an average recommendation of “Reduce” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $128.80.

A number of research analysts recently weighed in on the stock. TD Cowen raised their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Morgan Stanley lifted their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Truist Financial boosted their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Stifel Nicolaus increased 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, Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a research report on Wednesday, November 5th.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s 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 completion of the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $730,350.00. Following the completion of the sale, 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after buying an additional 1,661,457 shares during the period. Norges Bank purchased a new stake in Expeditors International of Washington in the 2nd quarter worth about $111,222,000. Balyasny Asset Management L.P. bought a new stake in Expeditors International of Washington in the 3rd quarter valued at about $113,194,000. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Up 0.7%

NASDAQ EXPD opened at $157.93 on Friday. The business has a fifty day simple moving average of $146.23 and a 200 day simple moving average of $128.26. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $158.91. The firm has a market capitalization of $21.17 billion, a P/E ratio of 27.61, a PEG ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

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

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.