New York State Common Retirement Fund Sells 13,000 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New York State Common Retirement Fund reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,612 shares of the transportation company’s stock after selling 13,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Expeditors International of Washington worth $20,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hara Capital LLC bought a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $59,000. Asset Dedication LLC raised its position in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after buying an additional 503 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 19.0% in the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock worth $144,000 after buying an additional 176 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXPD shares. Stifel Nicolaus cut 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 note on Thursday, January 23rd. Bank of America cut their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. 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 research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. Four equities research 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, the company presently has a consensus rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Stock Down 0.7 %

Shares of EXPD opened at $116.44 on Friday. The business has a fifty day moving average of $112.54 and a 200 day moving average of $118.40. The company has a market cap of $16.30 billion, a PE ratio of 20.36, a P/E/G ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’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 transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

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.