Orion Portfolio Solutions LLC Has $1.41 Million Stake in Chewy, Inc. (NYSE:CHWY)

Orion Portfolio Solutions LLC lowered its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 4.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,066 shares of the company’s stock after selling 2,109 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Chewy were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CHWY. Charles Schwab Investment Management Inc. lifted its position in shares of Chewy by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company’s stock worth $24,159,000 after buying an additional 46,629 shares during the period. Cerity Partners LLC lifted its holdings in shares of Chewy by 42.4% during the third quarter. Cerity Partners LLC now owns 15,324 shares of the company’s stock valued at $449,000 after acquiring an additional 4,559 shares during the period. FMR LLC boosted its stake in shares of Chewy by 166.8% in the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after purchasing an additional 2,497,689 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of Chewy in the 3rd quarter worth about $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Chewy by 35.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,417 shares of the company’s stock worth $920,000 after purchasing an additional 8,139 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Down 1.2 %

CHWY opened at $33.61 on Friday. The stock has a market cap of $13.68 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The company has a fifty day simple moving average of $35.59 and a 200 day simple moving average of $33.26.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $0.07 earnings per share. Chewy’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHWY. JMP Securities reaffirmed a “market outperform” rating and set a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. BNP Paribas cut Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Morgan Stanley increased their target price on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Barclays upped their price target on shares of Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and an average target price of $38.68.

Insider Buying and Selling at Chewy

In related news, CTO Satish Mehta sold 168,105 shares of Chewy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60. Following the sale, the chief technology officer now owns 417,857 shares of the company’s stock, valued at approximately $15,176,566.24. This trade represents a 28.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.77, for a total value of $250,390,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,892,173 shares of company stock valued at $283,792,824. 2.10% of the stock is currently owned by corporate 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.