Truist Financial Raises Expeditors International of Washington (NASDAQ:EXPD) Price Target to $130.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price lifted by equities researchers at Truist Financial from $120.00 to $130.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Truist Financial’s target price suggests a potential downside of 4.39% from the company’s current price.

Several other research firms also recently commented on EXPD. TD Cowen lifted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday. UBS Group lifted their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a research report on Friday, October 10th. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Seven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Reduce” and a consensus target price of $119.33.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $135.97 on Wednesday. The company has a 50 day simple moving average of $121.05 and a 200 day simple moving average of $116.82. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $136.18. The firm has a market cap of $18.45 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’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 sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently modified their holdings of the business. Savant Capital LLC boosted its holdings in shares of Expeditors International of Washington by 36.7% during the 3rd quarter. Savant Capital LLC now owns 3,091 shares of the transportation company’s stock worth $379,000 after buying an additional 830 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Expeditors International of Washington by 6.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock worth $121,817,000 after buying an additional 62,500 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Expeditors International of Washington by 14.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock worth $69,316,000 after buying an additional 69,290 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Expeditors International of Washington by 1.4% during the 3rd quarter. AGF Management Ltd. now owns 27,013 shares of the transportation company’s stock worth $3,312,000 after buying an additional 381 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Expeditors International of Washington by 47.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,669 shares of the transportation company’s stock worth $447,000 after buying an additional 1,175 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

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.