Insider Sell: President of Global Services at Expeditors International Sells Shares
Blake Bell, President of Global Services at Expeditors International of Washington Inc (NYSE:EXPD), sold 4,100 shares of the company on May 8, 2024. The transaction was filed on the same day with the SEC.
Expeditors International of Washington Inc is a logistics and freight forwarding company headquartered in Seattle, Washington. The company offers a range of services including air and ocean freight consolidation and forwarding, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution, and customized logistics solutions.
Over the past year, the insider has sold a total of 4,100 shares and has not purchased any shares. The company has seen a total of 3 insider sells and 0 insider buys during the same period.
On the day of the sale, shares of Expeditors International of Washington Inc were priced at $116.99, resulting in a market cap of approximately $16.71 billion. The price-earnings ratio of the company stands at 25.07, which is above both the industry median of 14.72 and the company's historical median.
According to the GF Value, the stock is currently Significantly Overvalued with a price-to-GF-Value ratio of 1.43. The GF Value of $81.67 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
