A Director at Expeditors International (NASDAQ: EXPD) is Selling Shares

By Carrie Williams

Today, a Director at Expeditors International (NASDAQ: EXPD), Michael J. Malone, sold shares of EXPD for $393.6K.

In addition to Michael J. Malone, 6 other EXPD executives reported Sell trades in the last month.

Based on Expeditors International’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.64 billion and quarterly net profit of $111 million. In comparison, last year the company earned revenue of $1.6 billion and had a net profit of $114 million. The company has a one year high of $57.35 and a one year low of $46.42. EXPD’s market cap is $10.18B and the company has a P/E ratio of 23.98.

Four different firms, including Credit Suisse and RBC Capital, currently also have a Sell rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $56.00, reflecting a 1.0% upside.

The insider sentiment on Expeditors International has been negative according to 26 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Expeditors International of Washington, Inc. engages in the business of providing global logistics services. It operates through the following geographical segments: Americas, North Asia, South Asia, Europe, Middle East, Africa, and India. Its services include the consolidation or forwarding of air and ocean freight. It’s also provides additional services, including value-added distribution, vendor consolidation, cargo insurance, domestic time definite transportation services, purchase order management, and customized logistics solutions. The company was founded by Peter Rose, James Wang, Kevin Walsh, Hank Wong, George Ho, Robert Chiarito, and Glenn Alger in May 1979 and is headquartered in Seattle, WA.