Voya Investment Management LLC Has $134.82 Million Stock Position in Chewy $CHWY

Key Points

• Voya Investment Management LLC increased its stake in Chewy by 8.2% in Q1, owning over 4.1 million shares valued at approximately $134.8 million.
• After recent sales, insiders now own only 0.43% of Chewy's stock, with a major shareholder selling nearly 30 million shares for around $1.25 billion.
• Chewy's quarterly earnings report showed a miss in expected EPS, recording $0.14 versus a consensus of $0.33, despite an 8.6% year-over-year revenue growth.

Voya Investment Management LLC raised its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,146,973 shares of the company's stock after acquiring an additional 312,795 shares during the quarter. Voya Investment Management LLC owned approximately 1.00% of Chewy worth $134,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CHWY. Ameriprise Financial Inc. grew its stake in shares of Chewy by 311.9% during the 4th quarter. Ameriprise Financial Inc. now owns 226,177 shares of the company's stock worth $7,575,000 after acquiring an additional 171,273 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Chewy during the 4th quarter worth approximately $2,086,000. Nomura Holdings Inc. grew its stake in shares of Chewy by 36.4% in the fourth quarter. Nomura Holdings Inc. now owns 30,793 shares of the company's stock valued at $1,031,000 after buying an additional 8,219 shares in the last quarter. Man Group plc grew its stake in shares of Chewy by 210.0% in the fourth quarter. Man Group plc now owns 426,324 shares of the company's stock valued at $14,278,000 after buying an additional 288,787 shares in the last quarter. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Chewy by 26.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock valued at $9,670,000 after buying an additional 60,533 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Transactions at Chewy

In other news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the sale, the chief technology officer owned 276,467 shares of the company's stock, valued at approximately $9,903,047.94. This trade represents a 3.06% 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, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders sold a total of 30,008,777 shares of company stock worth $1,252,444,321 over the last ninety days. Corporate insiders own 0.43% of the company's stock.

Chewy Price Performance

Chewy stock traded up $2.27 during mid-day trading on Monday, hitting $36.93. 16,702,528 shares of the company's stock traded hands, compared to its average volume of 7,988,499. The firm has a 50 day simple moving average of $38.39 and a two-hundred day simple moving average of $38.33. Chewy has a fifty-two week low of $26.28 and a fifty-two week high of $48.62. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 105.51, a P/E/G ratio of 7.25 and a beta of 1.65.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business earned $0.24 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, research analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays decreased their target price on shares of Chewy from $50.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday. Jefferies Financial Group reissued a "hold" rating and issued a $43.00 target price (up from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Cowen reissued a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Mizuho raised shares of Chewy from a "neutral" rating to an "outperform" rating and raised their target price for the company from $44.00 to $50.00 in a research note on Monday, September 8th. Finally, UBS Group decreased their target price on shares of Chewy from $46.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.72.

About Chewy

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.