Expeditors International of Washington, Inc. $EXPD Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,670 shares of the transportation company’s stock after selling 104 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Expeditors International of Washington were worth $5,218,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EXPD. Zions Bancorporation National Association UT acquired a new position in Expeditors International of Washington in the 1st quarter worth about $30,000. Ransom Advisory Ltd acquired a new position in Expeditors International of Washington in the 1st quarter worth about $41,000. Twin Tree Management LP acquired a new position in Expeditors International of Washington in the 1st quarter worth about $42,000. Carderock Capital Management Inc. acquired a new position in Expeditors International of Washington in the 2nd quarter worth about $46,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Expeditors International of Washington by 827.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 408 shares of the transportation company’s stock worth $47,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $117.73 on Monday. The business has a 50 day simple moving average of $120.72 and a 200-day simple moving average of $116.08. The firm has a market capitalization of $15.98 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $129.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EXPD shares. Robert W. Baird started coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price target for the company. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, October 10th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. UBS Group boosted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Truist Financial boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Seven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $114.44.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by company insiders.

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.