Expeditors International of Washington, Inc. $EXPD Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 950,113 shares of the transportation company’s stock after selling 137,869 shares during the period. ProShare Advisors LLC’s holdings in Expeditors International of Washington were worth $175,429,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $2,193,093,000. Caisse de depot et placement du Quebec purchased a new position in shares of Expeditors International of Washington in the second quarter valued at $169,665,000. Legal & General Group Plc bought a new stake in Expeditors International of Washington in the second quarter worth $125,395,000. Bank of New York Mellon Corp bought a new stake in Expeditors International of Washington in the second quarter worth $108,099,000. Finally, Deutsche Bank AG purchased a new stake in Expeditors International of Washington during the second quarter valued at $102,595,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on EXPD. Barclays increased their price objective on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, September 29th. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. UBS Group increased their price target on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.27.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $198.25 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $118.94 and a fifty-two week high of $200.66. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 5.00 and a beta of 1.07. The business’s 50 day moving average price is $191.72 and its 200-day moving average price is $167.05.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter last year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 32.1% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.