New York Life Investment Management LLC Has $2.36 Million Stake in Expeditors International of Washington, Inc. $EXPD

New York Life Investment Management LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 20,621 shares of the transportation company’s stock after selling 189 shares during the period. New York Life Investment Management LLC’s holdings in Expeditors International of Washington were worth $2,356,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EXPD. Invesco Ltd. grew its stake in Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after buying an additional 576,468 shares in the last quarter. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after acquiring an additional 498,212 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Expeditors International of Washington by 516.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after acquiring an additional 482,814 shares during the last quarter. Nuveen LLC bought a new position in shares of Expeditors International of Washington in the first quarter worth about $43,816,000. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Expeditors International of Washington by 26.1% in the first quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company’s stock worth $121,854,000 after acquiring an additional 209,847 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a report on Friday, October 10th. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Finally, UBS Group lifted their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $114.44.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $121.98 on Friday. The firm’s 50 day simple moving average is $120.72 and its 200 day simple moving average is $116.38. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $129.15. The company has a market cap of $16.56 billion, a PE ratio of 21.33, a P/E/G ratio of 5.00 and a beta of 1.09.

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.