Chewy, Inc. (NYSE:CHWY) Stock Holdings Boosted by Altshuler Shaham Ltd

Altshuler Shaham Ltd lifted its position in Chewy, Inc. (NYSE:CHWY) by 108.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,900 shares of the company’s stock after buying an additional 23,900 shares during the period. Altshuler Shaham Ltd’s holdings in Chewy were worth $1,537,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHWY. Fifth Third Bancorp raised its position in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Chewy during the third quarter valued at approximately $63,000. Allworth Financial LP boosted its holdings in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after buying an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Chewy in the fourth quarter worth approximately $86,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $37.52, for a total transaction of $150,080.00. Following the completion of the sale, the chief executive officer now directly owns 518,581 shares in the company, valued at $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 71,365 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. This represents a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 555,303 shares of company stock worth $20,902,663 over the last 90 days. Insiders own 2.10% of the company’s stock.

Chewy Trading Down 0.6 %

Chewy stock opened at $34.79 on Thursday. The company has a market capitalization of $14.39 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09. The firm’s fifty day simple moving average is $34.34 and its 200-day simple moving average is $33.43.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $0.07 earnings per share. On average, equities research analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CHWY shares. Barclays increased their price objective on Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Seaport Res Ptn raised Chewy to a “hold” rating in a research note on Monday, March 24th. Mizuho upped their price objective on shares of Chewy from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, March 27th. Finally, Morgan Stanley upped their price target on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.53.

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.