Renaissance Technologies LLC Has $66.34 Million Stock Position in Chewy, Inc. (NYSE:CHWY)

Renaissance Technologies LLC decreased its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,980,882 shares of the company's stock after selling 10,600 shares during the quarter. Renaissance Technologies LLC owned 0.49% of Chewy worth $66,340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp boosted its holdings in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after acquiring an additional 444 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 320 shares during the last quarter. Allworth Financial LP grew its holdings in 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy during the third quarter valued at approximately $63,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy in the fourth quarter valued at approximately $86,000. 93.09% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Sumit Singh sold 4,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the completion of the sale, the chief executive officer now owns 518,581 shares in the company, valued at $19,457,159.12. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Reeder sold 307,558 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 669,433 shares of company stock valued at $25,205,364 over the last three months. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHWY. Evercore ISI raised Chewy from an "in-line" rating to an "outperform" rating and increased their price target for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Argus upgraded Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 price target on shares of Chewy in a research report on Thursday, March 27th. Needham & Company LLC restated a "hold" rating on shares of Chewy in a report on Thursday, March 27th. Finally, Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.58.

Chewy Stock Performance

CHWY traded up $0.66 on Tuesday, hitting $34.91. 1,532,670 shares of the company were exchanged, compared to its average volume of 7,435,307. The stock's fifty day moving average is $34.46 and its 200-day moving average is $33.41. The company has a market cap of $14.44 billion, a PE ratio of 38.36, a PEG ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion during 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 company's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. As a group, equities research analysts expect 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.