Cetera Investment Advisers Sells 10,808 Shares of Chewy, Inc. (NYSE:CHWY)

Cetera Investment Advisers reduced its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,398 shares of the company's stock after selling 10,808 shares during the period. Cetera Investment Advisers' holdings in Chewy were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after buying an additional 3,493,926 shares during the last quarter. FMR LLC boosted its stake in shares of Chewy by 32.4% in the 4th quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after buying an additional 1,293,428 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Chewy by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock worth $150,345,000 after buying an additional 399,330 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Chewy by 47.4% in the 4th quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock worth $129,495,000 after buying an additional 1,243,981 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock valued at $73,381,000 after purchasing an additional 2,144,302 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the transaction, the chief executive officer now owns 62,096 shares in the company, valued at $2,070,901.60. The trade was a 12.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David Reeder sold 7,863 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $286,999.50. Following the transaction, the chief financial officer now owns 11,582 shares of the company's stock, valued at $422,743. This trade represents a 40.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 307,411 shares of company stock valued at $11,928,229 over the last ninety days. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CHWY has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Chewy in a research report on Thursday, March 27th. Morgan Stanley lowered their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup lifted their target price on Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their target price on Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus price target of $38.47.

Chewy Stock Down 0.0%

NYSE CHWY traded down $0.02 during trading hours on Monday, hitting $43.91. 6,268,739 shares of the company were exchanged, compared to its average volume of 7,280,620. The stock has a 50-day moving average price of $36.40 and a 200 day moving average price of $35.54. Chewy, Inc. has a 52 week low of $16.45 and a 52 week high of $44.62. The stock has a market cap of $18.16 billion, a PE ratio of 48.25, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69.

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, topping the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current 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.