Geode Capital Management LLC Grows Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Geode Capital Management LLC grew its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 23.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,921,737 shares of the company's stock after buying an additional 370,893 shares during the quarter. Geode Capital Management LLC owned 0.47% of Chewy worth $64,389,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC bought a new position in shares of Chewy during the fourth quarter worth about $2,915,000. Raymond James Financial Inc. bought a new position in Chewy during the fourth quarter worth $69,789,000. Birch Hill Investment Advisors LLC bought a new stake in Chewy during the fourth quarter valued at $1,174,000. Money Concepts Capital Corp bought a new position in shares of Chewy in the 4th quarter worth about $225,000. Finally, Vanguard Group Inc. boosted its position in shares of Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 83,639 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $3,345,560.00. Following the completion of the sale, the chief technology officer now owns 334,218 shares in the company, valued at approximately $13,368,720. This represents a 20.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 13,472 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $37.55, for a total value of $505,873.60. Following the sale, the chief executive officer now owns 505,109 shares of the company's stock, valued at $18,966,842.95. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 551,303 shares of company stock valued at $20,752,583 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CHWY shares. Mizuho boosted their target price on shares of Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, March 27th. Seaport Res Ptn raised shares of Chewy to a "hold" rating in a research report on Monday, March 24th. Barclays increased their price objective on shares of Chewy from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. JMP Securities decreased their price target on Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a research report on Monday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.47.

Chewy Stock Performance

Shares of CHWY stock traded up $0.42 during mid-day trading on Friday, hitting $35.18. The company's stock had a trading volume of 4,897,067 shares, compared to its average volume of 7,418,036. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 2.21 and a beta of 1.68. The business has a 50-day moving average price of $34.29 and a 200 day moving average price of $33.48.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Equities research analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal 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.