ProShare Advisors LLC Lowers Position in Expeditors International of Washington, Inc. $EXPD

ProShare Advisors LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,360,907 shares of the transportation company’s stock after selling 106,845 shares during the period. ProShare Advisors LLC’s holdings in Expeditors International of Washington were worth $202,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in Expeditors International of Washington by 6.7% in the third quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock worth $121,817,000 after buying an additional 62,500 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Expeditors International of Washington by 14.0% during the third quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock valued at $69,316,000 after purchasing an additional 69,290 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $1,041,000. Exchange Traded Concepts LLC lifted its holdings in shares of Expeditors International of Washington by 40.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after purchasing an additional 20,755 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its holdings in shares of Expeditors International of Washington by 12.7% during the third quarter. Clifford Swan Investment Counsel LLC now owns 80,232 shares of the transportation company’s stock valued at $9,836,000 after purchasing an additional 9,019 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXPD shares. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group lifted their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Truist Financial cut their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $156.76 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19. The firm has a fifty day moving average price of $146.94 and a 200-day moving average price of $148.73. The company has a market cap of $20.50 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the business posted $1.47 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.