Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,735 shares of the transportation company’s stock after selling 91 shares during the quarter. Nicollet Investment Management Inc.’s holdings in Expeditors International of Washington were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Glenmede Trust Co. NA raised its position in Expeditors International of Washington by 16.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,348 shares of the transportation company’s stock valued at $1,754,000 after purchasing an additional 1,878 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $239,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Expeditors International of Washington by 200.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,701 shares of the transportation company’s stock worth $10,210,000 after buying an additional 51,852 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Expeditors International of Washington by 19.6% during the third quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock worth $802,000 after buying an additional 1,000 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Expeditors International of Washington by 11.8% in the 3rd 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. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

EXPD opened at $120.33 on Tuesday. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The business’s fifty day moving average is $115.99 and its two-hundred day moving average is $117.80.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EXPD shares. Susquehanna increased their price objective 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. Truist Financial started coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective on the stock. Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their target price 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. Finally, UBS Group cut their price target 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 investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $115.90.

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 that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by insiders.

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.