Chewy, Inc. (NYSE:CHWY) Shares Purchased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC raised its stake in Chewy, Inc. (NYSE:CHWY) by 1,502,983.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,185 shares of the company’s stock after acquiring an additional 90,179 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Chewy were worth $3,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings in shares of Chewy by 166.8% in the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after buying an additional 2,497,689 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Chewy during the 2nd quarter valued at approximately $40,798,000. Eagle Asset Management Inc. lifted its position in Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after acquiring an additional 975,647 shares during the period. AMI Asset Management Corp purchased a new position in shares of Chewy in the 3rd quarter valued at approximately $17,756,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Chewy in the third quarter valued at approximately $13,699,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Up 2.1 %

Chewy stock opened at $37.99 on Friday. The stock has a market cap of $15.47 billion, a PE ratio of 41.75, a P/E/G ratio of 4.16 and a beta of 1.10. The stock has a 50-day moving average price of $34.22 and a 200 day moving average price of $29.89. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $39.00 price objective (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Barclays increased their target price on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Morgan Stanley lifted their price target on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 8,056 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. This represents a 1.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders have sold a total of 28,090,041 shares of company stock valued at $915,948,068 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Chewy Company 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.