ProShare Advisors LLC Trims Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)


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ProShare Advisors LLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,090,002 shares of the transportation company’s stock after selling 90,970 shares during the period. ProShare Advisors LLC’s holdings in Expeditors International of Washington were worth $103,670,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its holdings in Expeditors International of Washington by 14.8% during the 4th quarter. BlackRock Inc. now owns 17,220,162 shares of the transportation company’s stock valued at $1,637,809,000 after purchasing an additional 2,217,314 shares during the period. State Street Corp grew its holdings in shares of Expeditors International of Washington by 1.0% during the 3rd quarter. State Street Corp now owns 9,147,803 shares of the transportation company’s stock worth $828,059,000 after acquiring an additional 87,170 shares during the period. First Trust Advisors LP grew its holdings in shares of Expeditors International of Washington by 47.0% during the 3rd quarter. First Trust Advisors LP now owns 2,193,577 shares of the transportation company’s stock worth $198,563,000 after acquiring an additional 701,488 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,764,493 shares of the transportation company’s stock worth $159,722,000 after acquiring an additional 89,321 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Expeditors International of Washington by 2.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,513,088 shares of the transportation company’s stock worth $136,965,000 after acquiring an additional 36,239 shares during the period. Institutional investors own 91.17% of the company’s stock.

A number of research analysts have weighed in on EXPD shares. Morgan Stanley upped their target price on Expeditors International of Washington from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 6th. Barclays downgraded Expeditors International of Washington from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 13th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $106.00 target price on the stock in a report on Tuesday, January 5th. Credit Suisse Group reissued a “sell” rating and issued a $81.00 price target on shares of Expeditors International of Washington in a research report on Wednesday, November 4th. Finally, Cowen boosted their price target on Expeditors International of Washington from $97.00 to $109.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 17th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $86.00.

Shares of EXPD opened at $93.19 on Tuesday. The stock has a market cap of $15.77 billion, a P/E ratio of 24.98 and a beta of 0.75. Expeditors International of Washington, Inc. has a 52 week low of $52.55 and a 52 week high of $98.37. The business’s 50 day moving average price is $93.70 and its 200-day moving average price is $91.11.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Monday, February 15th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. Expeditors International of Washington had a return on equity of 28.55% and a net margin of 7.06%. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 3.98 EPS for the current fiscal year.

In related news, Director Mark A. Emmert sold 5,600 shares of the company’s stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $90.10, for a total value of $504,560.00. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $1,386,639. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey S. Musser sold 21,114 shares of the company’s stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $90.46, for a total value of $1,909,972.44. Following the completion of the transaction, the chief executive officer now directly owns 48,990 shares in the company, valued at $4,431,635.40. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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