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

Teacher Retirement System of Texas lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6,392.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,588 shares of the transportation company’s stock after purchasing an additional 208,329 shares during the period. Teacher Retirement System of Texas owned about 0.15% of Expeditors International of Washington worth $23,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the 3rd quarter worth $57,000. Intact Investment Management Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter worth $66,000. Finally, Asset Dedication LLC increased its holdings in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after acquiring an additional 503 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 0.5 %

Shares of EXPD stock opened at $116.19 on Friday. The company’s 50-day moving average price is $114.97 and its 200-day moving average price is $118.00. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Wall Street Analyst Weigh In

Several brokerages recently commented on EXPD. Susquehanna boosted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Truist Financial began coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target for the company. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, UBS Group dropped their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $115.90.

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.