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

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

A number of other research firms also recently issued reports on EXPD. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Barclays increased 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 Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group dropped their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $116.44 on Wednesday. Expeditors International of Washington has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a 50-day moving average of $112.54 and a 200-day moving average of $118.39. The company has a market cap of $16.30 billion, a P/E ratio of 20.36, a P/E/G ratio of 5.07 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 business’s stock in a transaction dated 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 in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently bought and sold shares of EXPD. NDVR Inc. grew its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock valued at $201,000 after buying 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 valued at $260,000 after buying an additional 100 shares in the last quarter. Manchester Capital Management LLC grew its stake 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 valued at $336,000 after buying an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after buying an additional 112 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after buying an additional 113 shares in the last quarter. Hedge funds and other 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.