Chewy, Inc. (NYSE:CHWY) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its position in Chewy, Inc. (NYSE:CHWY) by 27.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,468 shares of the company’s stock after selling 8,437 shares during the quarter. Quantinno Capital Management LP’s holdings in Chewy were worth $658,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Chewy by 0.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after purchasing an additional 923 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after purchasing an additional 1,029 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Chewy during the 2nd quarter worth about $33,000. Finally, D.A. Davidson & CO. raised its holdings in Chewy by 5.0% in the 3rd quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock valued at $768,000 after buying an additional 1,244 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Stock Performance

NYSE:CHWY opened at $32.26 on Friday. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $39.10. The stock has a market cap of $13.49 billion, a P/E ratio of 35.45, a P/E/G ratio of 4.28 and a beta of 1.12. The stock has a 50-day simple moving average of $30.73 and a 200-day simple moving average of $27.77.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the firm posted ($0.08) earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CHWY shares. UBS Group lifted their price target on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Citigroup raised Chewy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $28.00 to $40.00 in a research report on Friday, November 8th. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. TD Cowen started coverage on Chewy in a report on Wednesday, October 9th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Chewy from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.15.

Insider Buying and Selling

In other news, CTO Satish Mehta sold 8,056 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now directly owns 585,962 shares in the company, valued at approximately $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The disclosure for this sale can be found here. Insiders have sold 47,956,046 shares of company stock worth $1,448,008,845 in the last ninety days. 2.10% of the stock is owned by corporate insiders.

About Chewy

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.