Following The Money: Institution’s Growing Stake In WW International Inc. (NASDAQ: WW)

DE Stock
DE Stock

BlackRock Fund Advisors has recently announced that it has increased stake in WW International Inc. (NASDAQ:WW) by 1.80%. After grabbing 4.9 million shares, the institutional investor is now in possession of 86675.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 7.26% having worth around $126.34 million. Moreover, The Vanguard Group, Inc. increased its share by 53044.0 to have a control over 4.37 million shares. And Stadium Capital Management LLC raised its holdings to 0.21 million shares by acquiring 2.38 million shares or 3.53% of the stake.

WW International Inc. (WW) concluded trading on 08/27/20 at a closing price of $24.79, with 2.1 million shares of worth about $52.08 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 3.55% during that period and on Thursday the price saw a gain of about 6.62%. Currently the company’s common shares owned by public are about 67.64M shares, out of which, 46.40M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the WW stock and their offered price forecasts bring an average price target of $30.71. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $36.00 and could fall to a lowest price of $24.00. Analysts also issued an outlook of 2.40 for the WW International Inc. stock for next 12 months. The stock’s current price level is 20.93% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.29 for the stock. However, touching the estimated high of $36.00 would mean a gain of 31.14% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 142 times over the past 12 months. They bought 729,893 shares in 88 of the transactions. In 54 selling transactions, insiders dumped 1,179,282 shares.

Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in WW International Inc. Vanguard Total Stock Market Index is currently holding 1.34 million shares of worth totaling $34.54 million. The company recently came selling 913.0 shares which brought its stake up to 1.98% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF sold 19453.0 shares, after which its hold over company’s outstanding shares shrunk to 1.82%, leaving 1.23 million shares with the mutual fund that have a worth of about $31.71 million. Vanguard Small Cap Index Fund, after selling 1.18 million shares, have now control over 1.74% of the stake in the company. It holds 7300.0 shares of worth $30.36 million.

WW International Inc. (NASDAQ: WW) started trading at $23.25, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $24.79, or with a gain of 6.62%. Stock saw a price change of 3.55% in past 5 days and over the past one month there was a price change of -4.32%. Year-to-date (YTD), WW shares are showing a performance of -35.12% which decreased to -17.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.75 but also hit the highest price of $47.19 during that period. While comparing its average daily trading volume of 1.32 million shares, we see that about 2.1 million changed hands on the day. The stock is currently trading 0.40% above its 20-day simple moving average (SMA20), while that difference is down -1.69% for SMA50 and it goes to -14.43% lower than SMA200.

BlackRock Fund Advisors acquired 4.9 million shares of WW International Inc. having value of about $126.34 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 86675.0 shares in the company valued at close to $2148673.25, or have control over 1.80% stake in the company. WW International Inc. (NASDAQ: WW) currently have 67.64M outstanding shares and institutions hold larger chunk of about 81.70% of that. Holding of mutual funds in the company is about 58.51% while other institutional holders and individual stake holders have control over 8.75% and 23.36% of the stake respectively.

The stock has a current market capitalization of $1.74B and its 3Y-monthly beta is at 2.93. PE ratio of stock for trailing 12 months is 20.56, while it has posted earnings per share of $1.21 in the same period. It has Quick Ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WW, volatility over the week remained 4.52% while standing at 4.56% over the month.

Analysts are in expectations that WW International Inc. (WW) stock would likely to be making an EPS of $0.63 in the current quarter, while forecast for next quarter ESPS is $0.42 and it is $2.17 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.54 which is $0.78 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -45.50% while it is estimated to increase by 25.96% in next year. EPS is likely to shrink at an annualized rate of -6.70% for next 5-years, compared to annual growth of -3.70% made by the stock over the past 5-years.

Analysts at 15 brokerage firms have issued recommendations for the WW International Inc. (WW)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 15 Wall Street analysts, 7 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on June 16, 2020 offering a Buy rating for the stock and assigned a target price range of between $34 and $39 to it. Coverage by Guggenheim stated WW International Inc. (WW) stock as a Buy in their note to investors on June 12, 2020, suggesting a price target of for the stock. On May 13, 2020, Jefferies Initiated their recommendations, while on April 29, 2020, B. Riley FBR Reiterated their ratings for the stock with a price target of $30. Stock get an Overweight rating from Morgan Stanley on March 27, 2020.


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