Deutsche Bank AG Sells 104,741 Shares of Chewy, Inc. (NYSE:CHWY)

Deutsche Bank AG lessened its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 360,707 shares of the company's stock after selling 104,741 shares during the period. Deutsche Bank AG owned about 0.09% of Chewy worth $12,080,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Chewy by 31.8% during the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after acquiring an additional 3,493,926 shares during the last quarter. FMR LLC raised its holdings in Chewy by 32.4% in the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock valued at $177,120,000 after acquiring an additional 1,293,428 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Chewy by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock worth $150,345,000 after purchasing an additional 399,330 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Chewy by 47.4% during the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock worth $129,495,000 after purchasing an additional 1,243,981 shares during the period. Finally, Durable Capital Partners LP purchased a new position in shares of Chewy in the fourth quarter valued at $79,050,000. 93.09% of the stock is owned by institutional investors.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 62,096 shares of the company's stock, valued at approximately $2,070,901.60. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 of the company's stock, valued at approximately $9,357,566.80. This represents a 21.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 307,411 shares of company stock worth $11,928,229. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CHWY has been the subject of several recent analyst reports. Wedbush restated an "outperform" rating and issued a $39.00 target price on shares of Chewy in a research report on Thursday, March 27th. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Mizuho upped their price objective on Chewy from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, March 27th. Morgan Stanley decreased their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, JMP Securities reduced their target price on Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and an average target price of $38.47.

Chewy Stock Up 3.7%

Shares of CHWY stock traded up $1.56 during mid-day trading on Monday, reaching $43.32. The company's stock had a trading volume of 6,500,541 shares, compared to its average volume of 7,305,079. Chewy, Inc. has a 12-month low of $15.78 and a 12-month high of $43.43. The company's 50 day simple moving average is $35.07 and its 200-day simple moving average is $34.93. The firm has a market capitalization of $17.92 billion, a PE ratio of 47.60, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, research analysts anticipate 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.