Frank Rimerman Advisors LLC Boosts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Frank Rimerman Advisors LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,714 shares of the transportation company’s stock after buying an additional 388 shares during the period. Frank Rimerman Advisors LLC’s holdings in Expeditors International of Washington were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares during the period. Marshfield Associates raised its stake in Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after purchasing an additional 6,878 shares during the period. Amundi raised its stake in Expeditors International of Washington by 0.6% during the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after purchasing an additional 8,101 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Expeditors International of Washington by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after purchasing an additional 98,197 shares during the period. Institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $115.29 on Monday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average price of $114.45 and a 200-day moving average price of $118.16. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Analysts Set New Price Targets

EXPD has been the topic of several recent analyst reports. Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Truist Financial started coverage on Expeditors International of Washington in a research note on Thursday. They issued a “hold” rating and a $110.00 price objective on the stock. UBS Group reduced their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.90.

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.