BlackRock Amends PetMed Express Stake (SC 13G/A)
Ticker: PETS · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in PetMed Express; watch for market reaction.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership stake in PetMed Express Inc. as of December 31, 2023. This filing, Amendment No. 4, updates previous disclosures about BlackRock's passive investment in the pet medication retailer. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding PetMed Express stock.
Why It Matters
This filing shows BlackRock's updated position in PetMed Express, which can influence market perception and potentially stock price due to the size and influence of BlackRock.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company.
Analyst Insight
An investor should view this as a standard disclosure from a large institutional investor. It doesn't signal an immediate buy or sell, but rather confirms BlackRock's continued, albeit potentially adjusted, passive interest in PetMed Express. Further analysis of the specific share count change (not provided in this excerpt) would be needed for a more informed decision.
Key Numbers
- 716382106 — CUSIP Number (identifies the Common Stock of PetMed Express Inc.)
- 0001364742 — BlackRock's CIK (Central Index Key for BlackRock Inc.)
- 0001040130 — PetMed Express's CIK (Central Index Key for PetMed Express Inc.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- PetMed Express Inc. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 4 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in PetMed Express Inc. (BlackRock, Inc.) — high confidence, target: Q2 2024
- The market will interpret this as a routine update rather than a major strategic shift. (PetMed Express Inc. stock) — high confidence, target: February 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 4, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is PETMED EXPRESS INC, as indicated under '(Name of Issuer)' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of PetMed Express Inc. is 716382106, as listed in the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the document.
From the Filing
0001086364-24-003797.txt : 20240125 0001086364-24-003797.hdr.sgml : 20240125 20240125165933 ACCESSION NUMBER: 0001086364-24-003797 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PETMED EXPRESS INC CENTRAL INDEX KEY: 0001040130 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 650680967 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60249 FILM NUMBER: 24563019 BUSINESS ADDRESS: STREET 1: 420 SOUTH CONGRESS AVENUE CITY: DELRAY BEACH STATE: FL ZIP: 33445 BUSINESS PHONE: (561) 426-4444 MAIL ADDRESS: STREET 1: 420 SOUTH CONGRESS AVENUE CITY: DELRAY BEACH STATE: FL ZIP: 33445 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us7163821066_012524.txt us7163821066_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) PETMED EXPRESS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 716382106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 716382106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 1750243 (6) Shared voting power 0 (7) Sole dispositive power 1779658 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 1779658 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- PETMED EXPRESS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 420 SOUTH CONGRESS AVENUE DELRAY BEACH FL 33445 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: