The SVP – CIO of Expeditors International is Exercising Options

By Carrie Williams

Today, the SVP – CIO of Expeditors International, Christopher McClincy, exercised options of Expeditors International for $180.2K. The options were close to expired and Christopher McClincy disposed stocks.

Following Christopher McClincy’s last EXPD Sell transaction on April 25, 2016, the stock climbed by 16.5%. In addition to Christopher McClincy, 4 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 $1.9 billion and quarterly net profit of $167 million. In comparison, last year the company earned revenue of $1.64 billion and had a net profit of $111 million. The company has a one-year high of $67.63 and a one-year low of $51.96. EXPD’s market cap is $11.27B and the company has a P/E ratio of 23.75.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $66.86, reflecting a -4.3% downside. Four different firms, including Credit Suisse and RBC Capital, currently also have a Sell rating on the stock.

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 provision of global logistics services. It offers airfreight services, ocean freight and ocean services, and customs brokerage and other services.