24,100 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Nutshell Asset Management Ltd

Nutshell Asset Management Ltd bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,100 shares of the transportation company's stock, valued at approximately $2,670,000. Expeditors International of Washington comprises approximately 1.7% of Nutshell Asset Management Ltd's investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board grew its stake in Expeditors International of Washington by 19.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company's stock valued at $802,000 after buying an additional 1,000 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Expeditors International of Washington by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company's stock valued at $490,000 after acquiring an additional 395 shares during the period. Verition Fund Management LLC grew its position in shares of Expeditors International of Washington by 6.0% in the third quarter. Verition Fund Management LLC now owns 14,628 shares of the transportation company's stock valued at $1,922,000 after purchasing an additional 822 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $4,363,000. Finally, Quantinno Capital Management LP lifted its position in shares of Expeditors International of Washington by 23.7% during the 3rd quarter. Quantinno Capital Management LP now owns 29,879 shares of the transportation company's stock worth $3,926,000 after purchasing an additional 5,730 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. 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 Stock Performance

Shares of NASDAQ:EXPD traded down $1.45 on Thursday, hitting $108.48. The stock had a trading volume of 840,479 shares, compared to its average volume of 1,270,585. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The firm's 50 day moving average price is $115.41 and its 200-day moving average price is $117.08. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXPD shares. Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Truist Financial started coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They issued a "hold" rating and a $110.00 target price for the company. Finally, Bank of America lowered their price target on 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $115.90.

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.