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ING Groep NV Purchases 74,490 Shares of Hasbro, Inc. $HAS
ING Groep NV significantly increased its stake in Hasbro, Inc. by 202.6%, purchasing an additional 74,490 shares to hold a total of 111,266 shares valued at $8.44 million. This move follows Hasbro’s strong Q4 performance, which beat earnings estimates, announced a $1 billion buyback, and benefited from successful ventures like Magic: The Gathering and a new Harry Potter licensing deal. Despite positive analyst upgrades, the company faces potential risks, including a lawsuit concerning Magic card overprinting and management’s caution regarding tariff headwinds and soft retail demand.