89,926 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 89,926 shares of the company's stock, valued at approximately $3,012,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Chewy by 31.8% in the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after buying an additional 3,493,926 shares during the period. Invesco Ltd. lifted its stake in shares of Chewy by 4,577.5% in the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock valued at $73,381,000 after purchasing an additional 2,144,302 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Chewy in the 4th quarter valued at approximately $69,789,000. Wealthfront Advisers LLC bought a new stake in shares of Chewy during the fourth quarter valued at approximately $46,003,000. Finally, FMR LLC grew its stake in Chewy by 32.4% in the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after purchasing an additional 1,293,428 shares during the period. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Stock Up 0.4 %

NYSE:CHWY traded up $0.14 on Wednesday, hitting $38.31. The stock had a trading volume of 3,744,767 shares, compared to its average volume of 7,362,289. Chewy, Inc. has a 52-week low of $15.08 and a 52-week high of $40.09. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. The business's 50-day simple moving average is $34.24 and its two-hundred day simple moving average is $34.17.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of research reports. Mizuho boosted their target price on shares of Chewy from $42.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, March 27th. Wedbush restated an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a report on Thursday, March 27th. Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a report on Monday, March 24th. The Goldman Sachs Group upped their price target on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Evercore ISI upgraded Chewy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Activity

In other news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total value of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company's stock, valued at $2,070,901.60. This represents a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $286,999.50. Following the transaction, the chief financial officer now owns 11,582 shares in the company, valued at approximately $422,743. This trade represents a 40.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 416,163 shares of company stock valued at $15,399,494 in the last 90 days. Company 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.