Banco Santander Reduces Stake in Expeditors International

The institutional investor sold 57,674 shares of the transportation company's stock.

Published on Feb. 28, 2026

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Banco Santander S.A. has reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 64.3% in the third quarter, according to the company's recent 13F filing with the Securities & Exchange Commission. The institutional investor now owns 32,027 shares of the transportation company's stock, down from 89,701 shares previously.

Why it matters

Banco Santander's reduced stake in Expeditors International reflects broader trends in the transportation and logistics industry, as investors assess the company's performance and outlook amidst shifting market conditions.

The details

According to the 13F filing, Banco Santander sold 57,674 shares of Expeditors International, leaving the institutional investor with a remaining stake of 32,027 shares valued at $3,926,000 at the end of the reporting period.

  • Banco Santander reduced its stake in Expeditors International during the third quarter of the year.

The players

Banco Santander S.A.

A major Spanish banking group and one of the largest financial institutions in the world.

Expeditors International of Washington, Inc.

A global logistics and freight forwarding company headquartered in Seattle, Washington.

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The takeaway

Banco Santander's reduced stake in Expeditors International reflects broader trends in the transportation and logistics industry, as investors closely monitor the performance and outlook of companies in this sector.