Truist Financial Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $160.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price boosted by equities research analysts at Truist Financial from $130.00 to $160.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Truist Financial’s price objective indicates a potential downside of 1.25% from the company’s current price.

A number of other research firms have also commented on EXPD. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Morgan Stanley boosted 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 research report on Monday, December 8th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $131.60.

Expeditors International of Washington Trading Up 0.8%

Shares of EXPD opened at $162.03 on Thursday. The company has a market capitalization of $21.72 billion, a PE ratio of 28.33, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $162.45. The stock’s 50-day moving average price is $148.71 and its two-hundred day moving average price is $129.67.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value 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 trade represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction on 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $34,000. Community Bank N.A. bought a new stake in Expeditors International of Washington during the 3rd quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new position in Expeditors International of Washington during the second quarter worth $43,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Expeditors International of Washington in the third quarter valued at $43,000. Institutional investors own 94.02% of the company’s stock.

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.