Chewy, Inc. (NYSE:CHWY) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lifted its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 6,336.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,609,149 shares of the company's stock after buying an additional 1,584,149 shares during the quarter. Alyeska Investment Group L.P. owned about 0.40% of Chewy worth $53,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp boosted its stake in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after purchasing an additional 444 shares in the last quarter. Blue Trust Inc. grew its stake in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after acquiring an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy in the third quarter worth about $63,000. Allworth Financial LP raised its holdings in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after acquiring an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Chewy during the fourth quarter valued at $86,000. 93.09% of the stock is owned by institutional investors.

Chewy Price Performance

CHWY stock traded up $0.14 during trading on Wednesday, hitting $38.31. The stock had a trading volume of 3,744,767 shares, compared to its average volume of 7,363,173. Chewy, Inc. has a twelve month low of $15.08 and a twelve month high of $40.09. The stock has a market capitalization of $15.85 billion, a P/E ratio of 42.10, a PEG ratio of 2.21 and a beta of 1.69. The company's 50-day moving average price is $34.24 and its two-hundred day moving average price is $34.17.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data 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. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period last year, the business earned $0.07 earnings per share. Chewy's revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 9,243 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction of $337,369.50. Following the sale, the chief technology officer now owns 276,467 shares of the company's stock, valued at approximately $10,091,045.50. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Reeder sold 11,582 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $36.44, for a total transaction of $422,048.08. Following the completion of the transaction, the chief financial officer now owns 397,556 shares of the company's stock, valued at approximately $14,486,940.64. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 416,163 shares of company stock worth $15,399,494 in the last ninety days. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CHWY has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of Chewy to a "hold" rating in a research note on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a research note on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 price target on shares of Chewy in a report on Thursday, March 27th. JMP Securities decreased their target price on shares of Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their price target on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Six research 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 price target of $38.47.

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.