Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6,392.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 211,588 shares of the transportation company’s stock after purchasing an additional 208,329 shares during the quarter. Teacher Retirement System of Texas’ holdings in Expeditors International of Washington were worth $23,438,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Expeditors International of Washington by 6.6% during 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 shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing 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 third quarter worth about $4,363,000. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $1,329,000. Finally, Drystone LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $5,925,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.5 %

Shares of Expeditors International of Washington stock opened at $116.19 on Friday. The firm has a market capitalization of $16.04 billion, a P/E ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The firm’s 50 day moving average is $114.97 and its two-hundred day moving average is $118.00.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPD. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 target price on the stock. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group cut their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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.