Commonwealth Equity Services LLC Acquires 4,795 Shares of Chewy, Inc. (NYSE:CHWY)

Commonwealth Equity Services LLC raised its holdings in Chewy, Inc. (NYSE:CHWY) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,453 shares of the company’s stock after purchasing an additional 4,795 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Chewy were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Chewy by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company’s stock worth $24,159,000 after purchasing an additional 46,629 shares during the period. Cerity Partners LLC raised its stake in shares of Chewy by 42.4% in the third quarter. Cerity Partners LLC now owns 15,324 shares of the company’s stock valued at $449,000 after buying an additional 4,559 shares during the period. Bank of Montreal Can lifted its position in shares of Chewy by 261.2% during the 3rd quarter. Bank of Montreal Can now owns 158,166 shares of the company’s stock valued at $4,739,000 after buying an additional 256,275 shares during the last quarter. FMR LLC grew its stake in shares of Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after acquiring an additional 2,497,689 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in Chewy by 5.0% in the 3rd quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock worth $768,000 after acquiring an additional 1,244 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Performance

Chewy stock opened at $32.20 on Friday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09. The firm’s fifty day moving average price is $35.90 and its 200-day moving average price is $33.17. The stock has a market cap of $13.11 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY) last issued its quarterly earnings results 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 firm had revenue of $3.25 billion during 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 company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sumit Singh sold 191,096 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28. Following the completion of the sale, the chief executive officer now directly owns 707,126 shares of the company’s stock, valued at approximately $25,230,255.68. This trade represents a 21.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,083,269 shares of company stock valued at $290,611,129 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho upped their price objective on shares of Chewy from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI upgraded shares of Chewy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $42.00 price objective on shares of Chewy in a research note on Thursday. BNP Paribas downgraded Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Finally, Seaport Res Ptn upgraded Chewy to a “hold” rating in a research report on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.68.

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.