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

ProShare Advisors LLC decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,360,907 shares of the transportation company’s stock after selling 106,845 shares during the period. ProShare Advisors LLC owned approximately 1.02% of Expeditors International of Washington worth $202,789,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. grew its stake in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Oakworth Capital Inc. grew its stake in shares of Expeditors International of Washington by 1,723.1% during the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after buying an additional 224 shares during the last quarter. eCIO Inc. bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $37,000. Finally, Community Bank N.A. bought a new position in shares of Expeditors International of Washington during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $156.76 on Tuesday. The stock has a market capitalization of $20.50 billion, a PE ratio of 27.41, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19. The business’s 50-day moving average is $146.94 and its 200 day moving average is $148.73.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group raised their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Truist Financial reduced their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $137.30.

Read Our Latest Analysis on EXPD

Expeditors International of Washington Company Profile

(Free Report)

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.

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

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