Algert Global LLC Has $10.23 Million Holdings in Chewy, Inc. (NYSE:CHWY)

Algert Global LLC lifted its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 76.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,301 shares of the company's stock after purchasing an additional 132,225 shares during the quarter. Algert Global LLC owned 0.07% of Chewy worth $10,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHWY. Fifth Third Bancorp lifted its holdings in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. lifted its stake in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares during the period. 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 valued at $71,000 after purchasing an additional 650 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Chewy in the 3rd quarter worth approximately $63,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Chewy during the 4th quarter worth approximately $86,000. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHWY has been the topic of several recent analyst reports. Evercore ISI upgraded shares of Chewy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $34.00 to $47.00 in a research note on Monday, January 13th. The Goldman Sachs Group boosted their target price on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Seaport Res Ptn raised Chewy to a "hold" rating in a report on Monday, March 24th. Citigroup increased their target price on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Wedbush restated an "outperform" rating and issued a $39.00 target price on shares of Chewy in a research note on Thursday, March 27th. 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 stock has an average rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at $2,070,901.60. This represents a 12.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 71,365 shares of Chewy 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 position. The disclosure for this sale can be found here. Insiders sold 444,907 shares of company stock valued at $16,529,750 over the last three months. Company insiders own 2.10% of the company's stock.

Chewy Price Performance

NYSE:CHWY opened at $36.66 on Friday. The business's 50-day simple moving average is $34.16 and its 200-day simple moving average is $34.05. Chewy, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $40.09. The stock has a market capitalization of $15.16 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share 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 analysts' expectations of $3.20 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business's quarterly revenue was up 15.0% compared to the same quarter last year. On average, research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

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.

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