Handelsbanken Fonder AB Sells 1,700 Shares of Chewy, Inc. (NYSE:CHWY)

Handelsbanken Fonder AB cut its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,400 shares of the company’s stock after selling 1,700 shares during the period. Handelsbanken Fonder AB’s holdings in Chewy were worth $1,453,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares in the last quarter. Planning Capital Management Corp acquired a new position in Chewy during the 3rd quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new position in Chewy in the 3rd quarter valued at approximately $63,000. Finally, Allworth Financial LP lifted its stake in Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Up 3.9 %

Shares of NYSE CHWY opened at $35.91 on Thursday. The firm has a market capitalization of $14.62 billion, a P/E ratio of 39.46, a P/E/G ratio of 2.21 and a beta of 1.10. The firm’s 50-day moving average price is $36.57 and its 200-day moving average price is $32.15. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the business earned ($0.08) EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. The Goldman Sachs Group boosted their target price on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group raised their price target on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Evercore ISI raised Chewy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.30.

Insider Buying and Selling

In related news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the transaction, the chief executive officer now owns 77,838 shares of the company’s stock, valued at $2,529,735. This trade represents a 47.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,561,427 shares of company stock worth $933,874,848 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.