Bank of Nova Scotia Buys 15,959 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of Nova Scotia increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 88.3% in the 4th quarter, according to its most recent 13F filing 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 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares during the period. Boston Partners raised its holdings in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares during the last quarter. Invesco Ltd. grew its stake in shares of Expeditors International of Washington by 10.6% during the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after purchasing an additional 235,409 shares in the last quarter. Finally, Amundi increased its holdings in Expeditors International of Washington by 0.6% in the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company's stock valued at $163,653,000 after buying an additional 8,101 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. UBS Group lowered their target price 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. Stifel Nicolaus reduced their target price 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. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Susquehanna upped their price objective on shares of 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $115.90.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $1.19 during trading hours on Thursday, reaching $106.67. 1,288,232 shares of the company traded hands, compared to its average volume of 1,280,021. 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 $14.69 billion, a P/E ratio of 18.65, a P/E/G ratio of 5.00 and a beta of 1.03. The firm's 50-day moving average is $115.21 and its 200-day moving average is $116.51.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction 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 completion of the sale, the vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

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.