Chewy, Inc. (NYSE:CHWY) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in Chewy, Inc. (NYSE:CHWY) by 32.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,288,757 shares of the company’s stock after purchasing an additional 1,293,428 shares during the quarter. Fmr LLC’s holdings in Chewy were worth $177,120,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CHWY. Integrated Wealth Concepts LLC purchased a new position in shares of Chewy during the 3rd quarter worth approximately $210,000. Geode Capital Management LLC lifted its stake in Chewy by 8.4% during the third quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock worth $45,443,000 after purchasing an additional 119,633 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Chewy during the third quarter worth $795,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Chewy in the third quarter valued at $63,000. Finally, Castellan Group purchased a new stake in shares of Chewy in the 3rd quarter valued at $5,282,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on shares of Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Seaport Res Ptn raised shares of Chewy to a “hold” rating in a research report on Monday, March 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, March 27th. Finally, Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $38.47.

Chewy Price Performance

NYSE CHWY opened at $34.74 on Friday. The firm’s fifty day moving average price is $34.54 and its 200 day moving average price is $33.36. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. As a group, sell-side analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 9,285 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $371,400.00. Following the completion of the sale, the chief executive officer now directly owns 489,750 shares of the company’s stock, valued at $19,590,000. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Satish Mehta sold 168,105 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the completion of the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at $15,176,566.24. This represents a 28.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 837,538 shares of company stock worth $31,310,938. 2.10% of the stock is owned by company 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.