Frank Rimerman Advisors LLC Buys 5,336 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Frank Rimerman Advisors LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 66,700.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,344 shares of the transportation company’s stock after acquiring an additional 5,336 shares during the period. Frank Rimerman Advisors LLC’s holdings in Expeditors International of Washington were worth $667,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Crewe Advisors LLC bought a new position in Expeditors International of Washington in the first quarter worth approximately $25,000. Optiver Holding B.V. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at $27,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the second quarter valued at about $31,000. Family Firm Inc. purchased a new stake in Expeditors International of Washington in the second quarter worth about $35,000. Finally, ORG Partners LLC grew its holdings in Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after acquiring an additional 376 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Expeditors International of Washington Stock Up 1.9 %

EXPD stock opened at $125.49 on Tuesday. The stock has a market capitalization of $17.73 billion, a PE ratio of 26.59, a price-to-earnings-growth 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. The firm has a 50 day moving average of $122.13 and a 200 day moving average of $120.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data 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 net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $1.30 earnings per share. Expeditors International of Washington’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.