Expeditors International of Washington (NASDAQ:EXPD) Shares Up 5.1% – Still a Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price was up 5.1% during mid-day trading on Friday . The company traded as high as $127.51 and last traded at $126.91. Approximately 1,048,690 shares traded hands during trading, a decline of 15% from the average daily volume of 1,230,568 shares. The stock had previously closed at $120.74.

Analyst Ratings Changes

A number of research firms have recently commented on EXPD. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Susquehanna increased their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Price Performance

The stock’s 50-day simple moving average is $113.26 and its two-hundred day simple moving average is $118.33. The firm has a market capitalization of $17.45 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Boston Partners increased its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after acquiring an additional 869,637 shares during the period. Geode Capital Management LLC raised its holdings in shares of Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock worth $374,771,000 after purchasing an additional 57,736 shares during the last quarter. First Trust Advisors LP lifted its position in Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Invesco Ltd. grew its position in Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock worth $272,874,000 after purchasing an additional 235,409 shares during the period. 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.