Integrated Advisors Network LLC Invests $235,000 in Chewy, Inc. (NYSE:CHWY)

Integrated Advisors Network LLC bought a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,021 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new stake in shares of Chewy during the fourth quarter valued at approximately $30,000. Fifth Third Bancorp raised its holdings in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. raised its holdings in shares of Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after acquiring an additional 320 shares during the period. Allworth Financial LP raised its holdings in shares of Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after acquiring an additional 650 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chewy during the fourth quarter valued at approximately $67,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CHWY shares. Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a report on Monday, March 24th. Guggenheim set a $42.00 price objective on shares of Chewy and gave the company a "buy" rating in a research note on Tuesday, February 4th. Wedbush reiterated an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a research note on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 price objective on shares of Chewy in a research note on Thursday, March 27th. Finally, Citigroup upped their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $39.28.

Insider Buying and Selling at Chewy

In other Chewy news, CFO David Reeder sold 7,863 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 11,582 shares of the company's stock, valued at $422,743. This represents a 40.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Satish Mehta sold 71,365 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the transaction, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at $9,357,566.80. The trade was a 21.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 307,411 shares of company stock valued at $11,928,229 in the last ninety days. Company insiders own 2.10% of the company's stock.

Chewy Price Performance

Shares of NYSE CHWY traded up $0.80 during trading hours on Friday, hitting $45.21. 5,587,647 shares of the stock were exchanged, compared to its average volume of 6,961,337. The company's 50 day moving average is $37.29 and its 200 day moving average is $35.82. The firm has a market capitalization of $18.70 billion, a P/E ratio of 49.68, a P/E/G ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a one year low of $19.75 and a one year high of $45.31.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.20 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business's revenue was up 15.0% on a year-over-year basis. Research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.