Quantbot Technologies LP Boosts Stake in Chewy, Inc. (NYSE:CHWY)

Quantbot Technologies LP raised its position in Chewy, Inc. (NYSE:CHWYFree Report) by 21.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,916 shares of the company’s stock after purchasing an additional 5,738 shares during the quarter. Quantbot Technologies LP’s holdings in Chewy were worth $583,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd bought a new position in Chewy in the second quarter worth approximately $28,000. Quarry LP increased its position in shares of Chewy by 120.2% during the first quarter. Quarry LP now owns 874 shares of the company’s stock worth $33,000 after purchasing an additional 477 shares in the last quarter. CWM LLC increased its position in shares of Chewy by 64.1% during the second quarter. CWM LLC now owns 1,257 shares of the company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. Ossiam increased its position in shares of Chewy by 104.1% during the first quarter. Ossiam now owns 2,263 shares of the company’s stock worth $85,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Chewy by 47.6% during the second quarter. Captrust Financial Advisors now owns 2,589 shares of the company’s stock worth $90,000 after purchasing an additional 835 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Up 1.2 %

CHWY opened at $17.13 on Wednesday. The company has a market cap of $7.39 billion, a PE ratio of 856.50, a price-to-earnings-growth ratio of 7.00 and a beta of 0.93. Chewy, Inc. has a twelve month low of $16.53 and a twelve month high of $49.54. The company has a 50-day moving average price of $20.36 and a 200 day moving average price of $21.96.

Chewy (NYSE:CHWYGet Free Report) last released its quarterly earnings data on Wednesday, December 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.75 billion. Chewy had a net margin of 0.10% and a return on equity of 14.40%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. As a group, sell-side analysts expect that Chewy, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on Chewy from $44.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, December 7th. Barclays raised shares of Chewy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $30.00 in a report on Thursday, January 11th. UBS Group raised shares of Chewy from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $20.00 in a report on Wednesday, October 25th. Wedbush reissued an “outperform” rating and set a $31.00 price objective on shares of Chewy in a report on Tuesday, October 31st. Finally, Piper Sandler dropped their price objective on shares of Chewy from $29.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.73.

Get Our Latest Stock Analysis on CHWY

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 12,325,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $20.29, for a total value of $250,074,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Argos Holdings Gp Llc sold 12,325,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $20.29, for a total transaction of $250,074,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Satish Mehta sold 40,523 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $17.70, for a total transaction of $717,257.10. Following the transaction, the chief technology officer now directly owns 557,058 shares of the company’s stock, valued at approximately $9,859,926.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,559,285 shares of company stock worth $254,221,095. Insiders own 2.10% of the company’s stock.

About Chewy

(Free Report)

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 Website www.chewy.com, as well as mobile applications.

Further Reading

Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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