Nutshell Asset Management Ltd Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nutshell Asset Management Ltd acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,100 shares of the transportation company’s stock, valued at approximately $2,670,000. Expeditors International of Washington comprises 1.7% of Nutshell Asset Management Ltd’s holdings, making the stock its 21st biggest holding.

Other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its holdings in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at $57,000. TD Private Client Wealth LLC increased its holdings in Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after buying an additional 142 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth about $54,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on EXPD. JPMorgan Chase & Co. decreased their price objective 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. Susquehanna raised their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Truist Financial started coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target for the company. UBS Group lowered their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. 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 company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated 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 $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Trading Down 1.5 %

NASDAQ:EXPD opened at $109.00 on Friday. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a twelve month low of $107.17 and a twelve month high of $131.59. The stock has a fifty day simple moving average of $116.22 and a 200-day simple moving average of $117.71.

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.