Bank of Nova Scotia Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of Nova Scotia increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,024 shares of the transportation company's stock after purchasing an additional 15,959 shares during the quarter. Bank of Nova Scotia's holdings in Expeditors International of Washington were worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC grew its holdings in shares of Expeditors International of Washington by 3.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after acquiring an additional 103 shares during the period. Chapman Investment Management LLC boosted its position in Expeditors International of Washington by 0.6% in the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after purchasing an additional 112 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Expeditors International of Washington by 17.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after purchasing an additional 114 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington by 1.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company's stock worth $824,000 after purchasing an additional 125 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD traded up $1.19 during trading on Friday, reaching $106.67. 1,288,255 shares of the company traded hands, compared to its average volume of 1,281,097. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm has a fifty day simple moving average of $115.09 and a 200 day simple moving average of $116.34. The company has a market cap of $14.69 billion, a P/E ratio of 18.65, a PEG ratio of 5.00 and a beta of 1.03.

Insider Buying and Selling

In related 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 sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on EXPD. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Susquehanna raised their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on 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. Truist Financial began coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a "hold" rating and a $110.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. 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, the stock presently has an average rating of "Hold" and an average target price of $115.90.

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.