ProShare Advisors LLC Cuts Stake in Expeditors International of Washington, Inc. $EXPD

ProShare Advisors LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,513,417 shares of the transportation company’s stock after selling 8,755 shares during the quarter. ProShare Advisors LLC owned 1.11% of Expeditors International of Washington worth $172,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EXPD. Brown Advisory Inc. lifted its stake in shares of Expeditors International of Washington by 2.4% in the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock worth $1,249,000 after buying an additional 246 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Expeditors International of Washington by 23.5% during the first quarter. Nisa Investment Advisors LLC now owns 19,305 shares of the transportation company’s stock valued at $2,321,000 after acquiring an additional 3,678 shares in the last quarter. Alps Advisors Inc. raised its holdings in Expeditors International of Washington by 29.6% in the 1st quarter. Alps Advisors Inc. now owns 13,927 shares of the transportation company’s stock worth $1,675,000 after acquiring an additional 3,180 shares during the last quarter. Cerity Partners LLC lifted its position in Expeditors International of Washington by 4.2% in the 1st quarter. Cerity Partners LLC now owns 76,729 shares of the transportation company’s stock valued at $9,227,000 after acquiring an additional 3,124 shares in the last quarter. Finally, Xponance Inc. lifted its position in Expeditors International of Washington by 0.7% in the 1st quarter. Xponance Inc. now owns 21,751 shares of the transportation company’s stock valued at $2,616,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday, November 5th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. UBS Group upped their target price on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Truist Financial raised their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $128.78.

Expeditors International of Washington Trading Up 2.0%

EXPD opened at $137.28 on Monday. The company’s 50 day moving average is $121.97 and its 200 day moving average is $117.46. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $140.72.

Expeditors International of Washington Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date is Monday, December 1st. This represents a yield of 113.0%. Expeditors International of Washington’s payout ratio is 25.12%.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.