New York State Teachers Retirement System Sells 2,927 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New York State Teachers Retirement System decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 102,145 shares of the transportation company's stock after selling 2,927 shares during the period. New York State Teachers Retirement System owned about 0.07% of Expeditors International of Washington worth $11,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Charles Schwab Investment Management Inc. lifted its position in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Franklin Resources Inc. lifted its position in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $4,363,000. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $1,329,000. Finally, Drystone LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at $5,925,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $0.82 during mid-day trading on Friday, reaching $116.44. The company's stock had a trading volume of 2,811,278 shares, compared to its average volume of 1,120,276. The firm's 50-day moving average is $112.54 and its two-hundred day moving average is $118.39. The company has a market cap of $16.30 billion, a P/E ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. UBS Group lowered their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $116.56.

Insider Activity at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the business'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by 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.