Expeditors International of Washington (NASDAQ:EXPD) Given New $110.00 Price Target at Barclays

Key Points

• Barclays has raised its price target for Expeditors International of Washington from $105.00 to $110.00, while maintaining an "underweight" rating, indicating a potential downside of 9.43% from the stock's last close.
• Expeditors International has received a mix of ratings from analysts, with seven analysts suggesting a Hold rating and five recommending Sell, leading to an average rating of "Reduce" and a consensus target price of $114.78.
• The stock opened at $121.45 and has a market capitalization of $16.48 billion, highlighting its market presence despite fluctuating opinions from financial analysts.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) had its price target upped by Barclays from $105.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the transportation company's stock. Barclays's target price would indicate a potential downside of 9.43% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price objective for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Robert W. Baird began coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Finally, UBS Group increased their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $114.78.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $121.45 on Thursday. The stock has a market capitalization of $16.48 billion, a PE ratio of 21.23, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington has a 1-year low of $100.47 and a 1-year high of $131.59. The business has a 50-day moving average of $117.96 and a 200 day moving average of $115.15.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in shares of Expeditors International of Washington by 146.3% in the 2nd quarter. Osaic Holdings Inc. now owns 38,855 shares of the transportation company's stock valued at $4,580,000 after purchasing an additional 23,082 shares during the period. Orion Porfolio Solutions LLC raised its stake in Expeditors International of Washington by 16.6% during the second quarter. Orion Porfolio Solutions LLC now owns 2,613 shares of the transportation company's stock valued at $298,000 after buying an additional 372 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in Expeditors International of Washington during the second quarter valued at $1,944,000. B. Riley Wealth Advisors Inc. purchased a new position in Expeditors International of Washington during the second quarter valued at $279,000. Finally, Advisory Services Network LLC raised its stake in Expeditors International of Washington by 3.9% during the second quarter. Advisory Services Network LLC now owns 18,649 shares of the transportation company's stock valued at $2,168,000 after buying an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.