New Mexico Educational Retirement Board Trims Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New Mexico Educational Retirement Board trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,750 shares of the transportation company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Expeditors International of Washington were worth $748,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington in the 3rd quarter valued at $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington in the third quarter worth $59,000. Asset Dedication LLC lifted 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 worth $72,000 after purchasing an additional 503 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Expeditors International of Washington by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 176 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $118.24 on Wednesday. The stock’s 50-day moving average is $112.72 and its 200 day moving average is $118.45. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a market cap of $16.55 billion, a P/E ratio of 23.05, a PEG ratio of 3.77 and a beta of 0.98.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Bank of America reduced 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 research note on Thursday, January 16th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $117.44.

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.