Expeditors International of Washington (NASDAQ:EXPD) Shares Gap Up – Here’s What Happened

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $113.65, but opened at $119.07. Expeditors International of Washington shares last traded at $113.78, with a volume of 212,329 shares changing hands.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research reports. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Stock Up 0.8 %

The firm has a 50-day moving average price of $112.63 and a two-hundred day moving average price of $118.43. The company has a market capitalization of $16.41 billion, a P/E ratio of 20.49, a PEG ratio of 4.02 and a beta of 0.98.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

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