BlackRock Discloses 10.0% Stake in JAKKS Pacific
Ticker: JAKK · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1009829
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**BlackRock just revealed a 10% stake in JAKKS Pacific, a bullish sign for the toy maker.**
AI Summary
BlackRock Inc. reported on January 31, 2024, that as of December 31, 2023, it beneficially owns 1,008,309 shares of JAKKS Pacific Inc. Common Stock. This represents a 10.0% ownership stake in the toy and children's vehicle manufacturer. This filing indicates a significant institutional investment by one of the world's largest asset managers, suggesting a vote of confidence in JAKKS Pacific's future prospects, which could be a positive signal for current and prospective shareholders.
Why It Matters
A major institutional investor like BlackRock holding a significant stake can signal market confidence and potentially attract other investors, influencing stock price positively.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive signal rather than a risk.
Analyst Insight
A smart investor would view BlackRock's 10.0% stake as a positive signal, potentially indicating confidence in JAKKS Pacific's long-term value, and might consider further research into the company's fundamentals.
Key Numbers
- 1,008,309 — Shares Beneficially Owned (Represents the total number of JAKKS Pacific Inc. shares BlackRock Inc. holds.)
- 10.0% — Ownership Percentage (Indicates BlackRock Inc.'s significant stake in JAKKS Pacific Inc.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person, beneficial owner of shares
- JAKKS Pacific Inc. (company) — subject company, issuer of the common stock
- 1,008,309 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 10.0% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — date of event which requires filing of this statement
- January 31, 2024 (person) — filing date of the SC 13G
Forward-Looking Statements
- Other institutional investors may increase their positions in JAKKS Pacific Inc. (JAKKS Pacific Inc.) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock Inc., as stated under 'Names of reporting persons' on the cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is JAKKS PACIFIC INC, as specified under '(Name of Issuer)' in the Schedule 13G.
As of what date did the event occur that required this filing?
The date of the event which required this filing was December 31, 2023, as indicated in the Schedule 13G.
What percentage of JAKKS Pacific Inc.'s Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 10.0% of JAKKS Pacific Inc.'s Common Stock, as detailed in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of JAKKS Pacific Inc. is 47012E403, as listed in the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 31, 2023 regarding JAKKS PACIFIC INC (JAKK).