ProShare Advisors LLC Sells 45,665 Shares of Expeditors International of Washington, Inc. $EXPD

ProShare Advisors LLC trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,467,752 shares of the transportation company’s stock after selling 45,665 shares during the quarter. ProShare Advisors LLC owned approximately 1.08% of Expeditors International of Washington worth $179,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of EXPD. Allianz Asset Management GmbH boosted its stake in shares of Expeditors International of Washington by 14.0% during the 3rd 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 in the last quarter. Ascent Group LLC boosted its position in Expeditors International of Washington by 237.3% during the 3rd quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock valued at $1,265,000 after acquiring an additional 7,257 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $464,000. Nordea Investment Management AB raised its position in shares of Expeditors International of Washington by 7.4% in the 3rd quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock worth $78,867,000 after acquiring an additional 44,849 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its stake in shares of Expeditors International of Washington by 18.0% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock valued at $8,136,000 after purchasing an additional 10,858 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Morgan Stanley increased their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $165.17 on Monday. The firm’s 50 day moving average price is $155.60 and its 200-day moving average price is $135.28. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The company has a market cap of $22.14 billion, a PE ratio of 28.88, a P/E/G ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington 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.