ArrowMark Colorado Holdings LLC Sells 14,970 Shares of Chewy, Inc. (NYSE:CHWY)

ArrowMark Colorado Holdings LLC trimmed its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,750,961 shares of the company's stock after selling 14,970 shares during the period. Chewy makes up about 1.2% of ArrowMark Colorado Holdings LLC's holdings, making the stock its 24th biggest position. ArrowMark Colorado Holdings LLC owned approximately 0.68% of Chewy worth $92,130,000 at the end of the most recent quarter.

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

Chewy Stock Performance

Chewy stock traded up $0.14 on Wednesday, reaching $38.31. The company's stock had a trading volume of 3,744,659 shares, compared to its average volume of 7,361,840. Chewy, Inc. has a twelve month low of $15.08 and a twelve month high of $40.09. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 2.21 and a beta of 1.69. The business's fifty day moving average price is $34.24 and its 200 day moving average price is $34.17.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter last year, the company posted $0.07 EPS. The company's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CHWY shares. Evercore ISI upgraded shares of Chewy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Morgan Stanley cut their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. 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. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Chewy in a research note on Thursday, March 27th. Finally, Barclays upped their target price on Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.47.

Insider Buying and Selling at Chewy

In other news, CFO David Reeder sold 307,558 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the transaction, the chief financial officer now owns 546,257 shares of the company's stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the company's stock in a transaction dated 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 owns 62,096 shares of the company's stock, valued at $2,070,901.60. This represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 416,163 shares of company stock worth $15,399,494. 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.