State of New Jersey Common Pension Fund D Lowers Holdings in Expeditors International of Washington, Inc. $EXPD

State of New Jersey Common Pension Fund D trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 45,670 shares of the transportation company’s stock after selling 104 shares during the period. 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 quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Forum Financial Management LP grew its position in Expeditors International of Washington by 3.9% in the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock worth $310,000 after acquiring an additional 101 shares during the period. Deseret Mutual Benefit Administrators grew its position in Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company’s stock worth $199,000 after acquiring an additional 103 shares during the period. Greenleaf Trust grew its position in Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company’s stock worth $546,000 after acquiring an additional 112 shares during the period. Ancora Advisors LLC grew its position in Expeditors International of Washington by 0.7% in the first quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock worth $1,921,000 after acquiring an additional 118 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Expeditors International of Washington by 4.1% during the first quarter. Concurrent Investment Advisors LLC now owns 3,071 shares of the transportation company’s stock worth $369,000 after buying an additional 120 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Truist Financial raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, June 30th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price target for the company. Finally, Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Seven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Reduce” and an average price target of $114.44.

Expeditors International of Washington Trading Down 0.6%

Shares of NASDAQ EXPD opened at $117.73 on Monday. The stock has a market cap of $15.98 billion, a P/E ratio of 20.58, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $129.15. The business’s fifty day simple moving average is $120.72 and its 200-day simple moving average is $116.08.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction 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 sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.