ProShare Advisors LLC Sells 137,869 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• ProShare Advisors reduced its Expeditors International stake by 12.7%, selling 137,869 shares and retaining 950,113 shares valued at approximately $175.4 million. Institutional investors and hedge funds collectively own 94.02% of the company.
• Expeditors reported quarterly EPS of $2.03, exceeding the $1.69 analyst consensus, while revenue increased 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.
• EXPD shares opened at $198.25, near their 52-week high of $200.66. Despite UBS’s $220 price target and “buy” rating, the broader analyst consensus remains “Hold”, with an average target price of $175.27.

ProShare Advisors LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 950,113 shares of the transportation company's stock after selling 137,869 shares during the period. ProShare Advisors LLC owned approximately 0.73% of Expeditors International of Washington worth $175,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Wealth Management LLC acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $27,000. Latitude Advisors LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $27,000. Fortitude Family Office LLC boosted its holdings in shares of Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company's stock valued at $32,000 after buying an additional 76 shares during the last quarter. Hara Capital LLC bought a new position in Expeditors International of Washington during the second quarter worth about $33,000. Finally, Continuum Advisory LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at $33,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD opened at $198.25 on Friday. The firm has a market capitalization of $25.77 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The company has a fifty day moving average price of $191.72 and a 200-day moving average price of $167.05. Expeditors International of Washington, Inc. has a one year low of $118.94 and a one year high of $200.66.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating 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 period in the prior year, the company earned $1.34 EPS. Expeditors International of Washington's revenue was up 32.1% on a year-over-year basis. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. UBS Group increased their target price on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, October 2nd. Barclays lifted their target price on 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. Finally, BNP Paribas Exane began coverage on Expeditors International of Washington in a report on Wednesday, September 30th. They issued a "neutral" rating and a $180.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $175.27.

About Expeditors International of Washington

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.

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