Natixis Advisors LLC Acquires 18,372 Shares of Chewy (NYSE:CHWY)

Key Points

• Natixis Advisors LLC increased its stake in Chewy by 10.3%, acquiring an additional 18,372 shares, bringing its total holdings to 196,373 shares.
• Chewy's stock price rose by 1.2% to $34.69, with a market capitalization of $14.40 billion, while its quarterly earnings surpassed estimates.
• Insider trading activity included CEO Sumit Singh selling 148,063 shares recently, leading to a 17.35% decrease in his ownership stake.

Natixis Advisors LLC boosted its position in shares of Chewy (NYSE:CHWY - Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 196,373 shares of the company's stock after purchasing an additional 18,372 shares during the quarter. Natixis Advisors LLC's holdings in Chewy were worth $6,384,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its position in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after purchasing an additional 473 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of Chewy in the fourth quarter worth $30,000. Golden State Wealth Management LLC raised its stake in shares of Chewy by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after purchasing an additional 481 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Chewy in the first quarter worth $44,000. Finally, North Star Investment Management Corp. raised its stake in shares of Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after purchasing an additional 353 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Up 1.0%

Chewy stock traded up $0.37 during midday trading on Friday, reaching $36.17. 6,866,067 shares of the stock traded hands, compared to its average volume of 5,748,035. The stock's fifty day moving average is $40.36 and its 200-day moving average is $37.97. Chewy has a 12 month low of $23.42 and a 12 month high of $48.62. The stock has a market cap of $15.02 billion, a P/E ratio of 40.64, a PEG ratio of 7.47 and a beta of 1.67.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Chewy had a return on equity of 35.04% and a net margin of 3.21%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. On average, equities analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

CHWY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $27.00 price target on Chewy and gave the stock a "hold" rating in a research note on Monday, April 14th. Guggenheim restated a "buy" rating and issued a $45.00 price target (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Mizuho cut Chewy from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $43.00 to $47.00 in a research note on Monday, June 9th. Barclays upped their price objective on Chewy from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, JMP Securities upped their price objective on Chewy from $39.00 to $48.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chewy has an average rating of "Moderate Buy" and an average price target of $43.78.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 8,727 shares of the company's stock in a transaction that occurred 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 sale, the chief technology officer directly owned 276,467 shares in the company, valued at $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO William G. Billings sold 20,142 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the sale, the chief accounting officer owned 29,464 shares in the company, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,207,583 shares of company stock valued at $1,260,500,330. 0.43% of the stock is currently owned by company insiders.

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.