Nicollet Investment Management Inc. Trims Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nicollet Investment Management Inc. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,735 shares of the transportation company’s stock after selling 91 shares during the period. Nicollet Investment Management Inc.’s holdings in Expeditors International of Washington were worth $1,189,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Rodgers Brothers Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $295,000. MV Capital Management Inc. grew its stake in shares of Expeditors International of Washington by 0.7% in the 4th quarter. MV Capital Management Inc. now owns 21,583 shares of the transportation company’s stock valued at $2,391,000 after buying an additional 155 shares during the period. Allstate Corp acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $429,000. Orion Portfolio Solutions LLC raised its position in shares of Expeditors International of Washington by 8.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company’s stock valued at $261,000 after buying an additional 193 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Expeditors International of Washington by 5.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 212,847 shares of the transportation company’s stock valued at $23,577,000 after acquiring an additional 10,714 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock opened at $120.33 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The firm has a market capitalization of $16.58 billion, a P/E ratio of 21.04, a P/E/G ratio of 5.00 and a beta of 1.00. The business’s 50-day moving average is $115.99 and its two-hundred day moving average is $117.80.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on EXPD. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 target price for the company. UBS Group reduced their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Company 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.