ProShare Advisors LLC Acquires 227,671 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ProShare Advisors LLC increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,582,963 shares of the transportation company’s stock after acquiring an additional 227,671 shares during the period. ProShare Advisors LLC owned about 1.12% of Expeditors International of Washington worth $197,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Prudential PLC boosted its position in shares of Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after acquiring an additional 39,321 shares in the last quarter. Swedbank AB acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $2,954,000. Banco Santander S.A. boosted its position in shares of Expeditors International of Washington by 141.0% during the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after acquiring an additional 52,603 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $1,305,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after acquiring an additional 70,329 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXPD. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Robert W. Baird raised their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Stock Performance

EXPD stock opened at $123.18 on Friday. The company has a fifty day moving average price of $122.00 and a 200-day moving average price of $120.50. The company has a market capitalization of $17.40 billion, a P/E ratio of 26.10, a PEG ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business earned $1.30 EPS. Expeditors International of Washington’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

About Expeditors International of Washington

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.