BlackRock Discloses 6.8% Stake in WW International

Ticker: WW · Form: SC 13G · Filed: 2024-01-29T00:00:00.000Z

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.

From the Filing

0001086364-24-005639.txt : 20240129 0001086364-24-005639.hdr.sgml : 20240129 20240129172557 ACCESSION NUMBER: 0001086364-24-005639 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WW INTERNATIONAL, INC. CENTRAL INDEX KEY: 0000105319 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 116040273 STATE OF INCORPORATION: VA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78065 FILM NUMBER: 24574981 BUSINESS ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2125892700 MAIL ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: WEIGHT WATCHERS INTERNATIONAL INC DATE OF NAME CHANGE: 19991123 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 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 1 us98262p1012_012924.txt us98262p1012_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) WW INTERNATIONAL INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 98262P101 -------------------------------------------------------- (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. 98262P101 (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 4422221 (6) Shared voting power 0 (7) Sole dispositive power 4535034 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4535034 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- WW INTERNATIONAL INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 675 AVENUE OF THE AMERICAS 6TH FLOOR New York NY 10010 Item 2. 2(a) Name of person filing: ----------------------------