Expeditors International of Washington (NASDAQ:EXPD) Shares Gap Up – Time to Buy?

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) 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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXPD. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday. TD Cowen boosted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. UBS Group cut their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays boosted their price objective 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Price Performance

The business’s 50-day moving average price is $112.63 and its 200 day moving average price is $118.43. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.02 and a beta of 0.98.

Insiders Place Their Bets

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 transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at $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 is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently made changes to their positions in the business. NDVR Inc. raised its position in Expeditors International of Washington by 5.8% in the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock worth $201,000 after acquiring an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC grew its stake in shares of Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock worth $260,000 after purchasing an additional 100 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC lifted its stake in Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after purchasing an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after buying an additional 113 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other 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.