5,908 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of Chewy, Inc. (NYSE:CHWY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,908 shares of the company’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. grew its position in Chewy by 97.9% in the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after buying an additional 975,647 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Chewy in the second quarter worth approximately $673,000. Centiva Capital LP acquired a new position in Chewy in the third quarter worth approximately $2,949,000. Geode Capital Management LLC grew its position in Chewy by 8.4% in the third quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock worth $45,443,000 after buying an additional 119,633 shares during the last quarter. Finally, Simplify Asset Management Inc. acquired a new position in Chewy in the third quarter worth approximately $5,379,000. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $31.32, for a total transaction of $620,989,219.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 114,130 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $37.70, for a total transaction of $4,302,701.00. Following the transaction, the chief executive officer now owns 529,809 shares in the company, valued at approximately $19,973,799.30. The trade was a 17.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,103,513 shares of company stock valued at $916,453,941 in the last quarter. Insiders own 2.10% of the company’s stock.

Chewy Price Performance

Chewy stock opened at $38.86 on Thursday. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 4.16 and a beta of 1.10. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.62. The firm has a fifty day moving average price of $34.74 and a two-hundred day moving average price of $30.29.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. As a group, sell-side analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on CHWY shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wedbush reiterated an “outperform” rating and set a $39.00 price objective (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Piper Sandler lifted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Chewy Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.