Nutshell Asset Management Ltd Invests $2.67 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nutshell Asset Management Ltd purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,100 shares of the transportation company’s stock, valued at approximately $2,670,000. Expeditors International of Washington makes up about 1.7% of Nutshell Asset Management Ltd’s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. grew its stake in Expeditors International of Washington by 1.1% during the 4th quarter. Wedbush Securities Inc. now owns 22,925 shares of the transportation company’s stock valued at $2,539,000 after purchasing an additional 250 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Expeditors International of Washington by 3.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 864,386 shares of the transportation company’s stock worth $95,748,000 after buying an additional 30,484 shares during the period. Aviva PLC lifted its stake in Expeditors International of Washington by 33.5% during the 4th quarter. Aviva PLC now owns 189,881 shares of the transportation company’s stock valued at $21,033,000 after acquiring an additional 47,610 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $816,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth $6,434,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXPD shares. Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Susquehanna increased 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. UBS Group decreased their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $115.90.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The transaction 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

EXPD stock opened at $109.00 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.17 and a fifty-two week high of $131.59. The company’s 50 day moving average price is $116.22 and its 200 day moving average price is $117.71. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 5.00 and a beta of 1.03.

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.