Insider Selling: Robert L. Villanueva Unloads 31,000 Shares of Expeditors International of Washington Stock (EXPD)
Expeditors International of Washington (NASDAQ:EXPD) Insider Robert L. Villanueva unloaded 31,000 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $43.26, for a total transaction of $1,341,060.00. Following the sale, the insider now directly owns 4,645 shares in the company, valued at approximately $200,943. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Expeditors International of Washington from $43.00 to $44.00 in a research note on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Expeditors International of Washington in a research note on Thursday. They now have a $45.00 price target on the stock, up previously from $44.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Tuesday, April 29th. They now have a $43.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.20.
Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 1.02% during mid-day trading on Monday, hitting $43.76. 466,924 shares of the company’s stock traded hands. Expeditors International of Washington has a 1-year low of $36.45 and a 1-year high of $46.90. The stock’s 50-day moving average is $40.13 and its 200-day moving average is $41.86. The company has a market cap of $8.628 billion and a P/E ratio of 25.33.
Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Expeditors International of Washington will post $1.88 EPS for the current fiscal year.
Expeditors International of Washington, Inc is engaged in the business of providing global logistics services.
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