CANADA LIFE ASSURANCE Co Buys 99,608 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

CANADA LIFE ASSURANCE Co increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,726 shares of the transportation company's stock after acquiring an additional 99,608 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.27% of Expeditors International of Washington worth $41,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $39,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $52,000. TD Private Client Wealth LLC lifted its stake in shares of Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after acquiring an additional 142 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $54,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday. Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, UBS Group reduced their price objective 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. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $115.40.

Expeditors International of Washington Stock Up 2.6 %

EXPD traded up $2.76 during trading hours on Thursday, hitting $109.85. 487,806 shares of the company's stock were exchanged, compared to its average volume of 1,432,233. The stock's 50-day moving average is $114.61 and its two-hundred day moving average is $115.85. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 19.20, 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.