Vanguard Holds 13.96% Stake in Expeditors International

TL;DR

**Vanguard still owns 13.96% of Expeditors, a big vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Expeditors International of Washington Inc. As of December 29, 2023, Vanguard beneficially owned 22,060,904 shares of Common Stock, representing 13.96% of the company. This filing indicates Vanguard's continued significant, but passive, stake in Expeditors, which could influence stock stability due to a large institutional holder.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial ownership in Expeditors International, signaling confidence and potentially providing a floor for the stock price due to their large, long-term holding.

Risk Assessment

Risk Level: low — The filing indicates a passive, significant institutional ownership, which generally reduces volatility and provides stability.

Analyst Insight

A smart investor would note Vanguard's continued significant, passive ownership as a sign of long-term institutional confidence, which could contribute to stock stability. This information is useful for understanding the institutional ownership landscape of Expeditors International.

Key Numbers

• 22,060,904 — Shares Beneficially Owned (The total number of Common Stock shares of Expeditors International owned by The Vanguard Group as of December 29, 2023.)
• 13.96% — Percentage of Class (The percentage of Expeditors International's Common Stock beneficially owned by The Vanguard Group, indicating a significant stake.)
• 12 — Amendment Number (This is the 12th amendment to the Schedule 13G filing, showing ongoing updates to Vanguard's position.)
• 20240213 — Filing Date (The date The Vanguard Group filed this amendment, indicating the recency of the disclosed information.)
• 302130109 — CUSIP Number (The unique identification number for Expeditors International of Washington Inc.'s Common Stock.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and beneficial owner of shares
• Expeditors International of Washington Inc (company) — the issuer of the securities
• 22,060,904 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 13.96% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in Expeditors International for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
• The stock price of Expeditors International will experience increased stability due to Vanguard's large institutional holding. (Expeditors International of Washington Inc.) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• tv0897-expeditorsinternation.htm (SC 13G/A) — 11KB
• 0001104659-24-020897.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Expeditors International of Washington Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1015 3rd Avenue Seattle, WA 98104

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 302130109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR