New York State Common Retirement Fund Sells 3,400 Shares of Expeditors International of Washington, Inc. $EXPD

New York State Common Retirement Fund decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,561 shares of the transportation company’s stock after selling 3,400 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Expeditors International of Washington worth $15,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Mirae Asset Global Investments Co. Ltd. increased its stake in Expeditors International of Washington by 5.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,710 shares of the transportation company’s stock worth $8,791,000 after purchasing an additional 3,939 shares during the period. Ballentine Partners LLC purchased a new position in Expeditors International of Washington in the 3rd quarter worth about $211,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Expeditors International of Washington by 7.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,620 shares of the transportation company’s stock valued at $3,633,000 after buying an additional 1,934 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $201,000. Finally, Investment House LLC grew its stake in Expeditors International of Washington by 0.4% in the 3rd quarter. Investment House LLC now owns 59,409 shares of the transportation company’s stock worth $7,283,000 after acquiring an additional 250 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 0.6%

EXPD opened at $160.48 on Monday. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $164.48. The stock has a fifty day moving average price of $153.87 and a 200-day moving average price of $133.50.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price target for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Finally, Morgan Stanley raised their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $134.10.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.