JPMorgan Chase & Co. Cuts Expeditors International of Washington (NASDAQ:EXPD) Price Target to $108.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price cut by JPMorgan Chase & Co. from $114.00 to $108.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

EXPD has been the subject of a number of other reports. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Finally, Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Stock Performance

EXPD opened at $116.44 on Wednesday. The business has a 50 day moving average price of $112.54 and a 200 day moving average price of $118.39. Expeditors International of Washington has a twelve month low of $108.36 and a twelve month high of $131.59. The firm has a market cap of $16.30 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm’s 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 transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $25,000. SRS Capital Advisors Inc. lifted its holdings in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the 4th quarter worth approximately $39,000. Finally, Colonial Trust Co SC lifted its holdings in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

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.