The SVP – CFO of Expeditors International is Exercising Options

By Carrie Williams

Today it was reported that the SVP – CFO of Expeditors International (NASDAQ: EXPD), Bradley Powell, exercised options to buy 5,000 EXPD shares at $35.80 a share, for a total transaction value of $179K. The options were close to expired and Bradley Powell retained stocks.

Following this transaction Bradley Powell’s holding in the company was increased by 62.55% to a total of $935.6K.

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Based on Expeditors International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.96 billion and quarterly net profit of $141 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $109 million. EXPD’s market cap is $12.5B and the company has a P/E ratio of 23.00. Currently, Expeditors International has an average volume of 311.4K.

10 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $72.20, reflecting a -0.9% downside.

The insider sentiment on Expeditors International has been negative according to 37 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 provision of global logistics services. The company offers airfreight, ocean freight and ocean, and customs brokerage and other services.