Expeditors International of Washington (NASDAQ:EXPD) Stock Rating Upgraded by Bank of America

by · The Cerbat Gem

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports.

EXPD has been the topic of several other research reports. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Truist Financial raised their price objective 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. Morgan Stanley upped their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $128.80.

View Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $157.93 on Friday. The stock’s 50 day simple moving average is $146.23 and its 200 day simple moving average is $128.26. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $158.91. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 5.00 and a beta of 1.14.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $730,350.00. Following the sale, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. This trade 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 owned by company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Expeditors International of Washington by 733.9% during the 3rd 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 purchasing an additional 1,661,457 shares in the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington in the second quarter worth $111,222,000. Balyasny Asset Management L.P. purchased a new position in shares of Expeditors International of Washington in the third quarter worth approximately $113,194,000. First Eagle Investment Management LLC grew its position in shares of Expeditors International of Washington by 17.1% during 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 acquiring an additional 918,108 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares during the period. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

(Get Free Report)

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.

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