BlackRock Discloses 6.8% Stake in WW International
Ticker: WW · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 105319
| Field | Detail |
|---|---|
| Company | Ww International, Inc. (WW) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a 6.8% stake in WW International, signaling a notable institutional investment.**
AI Summary
BlackRock Inc. reported on January 29, 2024, that as of December 31, 2023, it beneficially owns 5,007,434 shares of WW International, Inc. (formerly Weight Watchers International Inc.) common stock. This represents 6.8% of WW International's total outstanding shares. This matters to investors because BlackRock, a major institutional investor, has a significant stake, indicating their confidence in the company's future, or at least a strategic investment position.
Why It Matters
A large institutional investor like BlackRock holding a significant stake can signal market confidence and potentially influence future stock performance or corporate governance.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk for other investors.
Analyst Insight
Investors should note BlackRock's substantial stake as a potential vote of confidence, but also research WW International's fundamentals to understand the underlying reasons for this institutional investment.
Key Numbers
- 5,007,434 — Shares Beneficially Owned (Represents the total number of WW International shares BlackRock Inc. holds.)
- 6.8% — Percentage of Class (Indicates BlackRock Inc.'s significant ownership stake in WW International, Inc.)
- December 31, 2023 — Reporting Date (The specific date for which BlackRock's ownership stake is being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G
- WW INTERNATIONAL, INC. (company) — the subject company in which shares are held
- Weight Watchers International Inc. (company) — former name of WW International, Inc.
- 5,007,434 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 6.8% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — date of event requiring the filing
- January 29, 2024 (person) — date the SC 13G filing was made
Forward-Looking Statements
- BlackRock's significant stake may attract other institutional investors to WW International. (WW INTERNATIONAL, INC.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by BlackRock Inc., a major institutional investment manager, as indicated in the 'FILED BY' section of the filing.
What company is the subject of this SC 13G filing?
The subject company of this filing is WW INTERNATIONAL, INC., which was formerly known as Weight Watchers International Inc., as stated under 'SUBJECT COMPANY' and 'FORMER COMPANY' sections.
What percentage of WW International, Inc.'s common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 6.8% of the common stock of WW International, Inc., as reported in the summary of the filing.
As of what date is BlackRock Inc.'s ownership stake being reported?
BlackRock Inc.'s ownership stake is being reported as of December 31, 2023, which is specified as the 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for WW International, Inc.'s common stock?
The CUSIP number for WW International, Inc.'s common stock is 98262P101, as listed in the 'CUSIP Number' section of the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding WW INTERNATIONAL, INC. (WW).