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

Frank Rimerman Advisors LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,714 shares of the transportation company’s stock after acquiring an additional 388 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Expeditors International of Washington were worth $633,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EXPD. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $57,000. Intact Investment Management Inc. purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth $66,000. Finally, Asset Dedication LLC lifted its holdings in shares of Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $115.29 on Monday. The business’s 50-day moving average is $114.45 and its 200 day moving average is $118.16. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The firm has a market capitalization of $15.91 billion, a P/E ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXPD. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $115.90.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

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.