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 stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 188,612 shares of the transportation company’s stock after selling 13,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Expeditors International of Washington were worth $20,893,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Two Sigma Advisers LP raised its holdings in shares of Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after acquiring an additional 399,800 shares in the last quarter. KBC Group NV increased its position in Expeditors International of Washington by 836.7% during the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after purchasing an additional 303,438 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after purchasing an additional 265,111 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after purchasing an additional 257,791 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $11,219,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $116.44 on Friday. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.00 and a beta of 0.98. The stock’s 50-day simple moving average is $112.54 and its 200-day simple moving average is $118.40. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

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 on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.69% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. TD Cowen boosted their price target 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. Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays boosted 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 report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.56.

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.