Natixis Advisors LLC Has $6.38 Million Stake in 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 grew its stake in shares of Chewy (NYSE:CHWY - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,373 shares of the company's stock after acquiring an additional 18,372 shares during the period. Natixis Advisors LLC's holdings in Chewy were worth $6,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHWY. D.A. Davidson & CO. raised its stake in shares of Chewy by 38.7% in the 1st quarter. D.A. Davidson & CO. now owns 43,725 shares of the company's stock valued at $1,422,000 after acquiring an additional 12,206 shares in the last quarter. Polar Asset Management Partners Inc. lifted 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 worth $9,670,000 after buying an additional 60,533 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Chewy by 74.5% during the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company's stock worth $4,548,000 after buying an additional 59,711 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Chewy in the 1st quarter valued at $11,326,000. Finally, Interval Partners LP bought a new position in Chewy in the 4th quarter worth $1,536,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Insider Activity at Chewy

In other Chewy news, CAO William G. Billings sold 20,142 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the sale, the chief accounting officer directly owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. The trade was a 40.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the transaction, the chief technology officer owned 276,467 shares in the company, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,207,583 shares of company stock valued at $1,260,500,330 over the last three months. 0.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CHWY shares. Cowen reaffirmed a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Needham & Company LLC restated a "hold" rating on shares of Chewy in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $27.00 target price on Chewy and gave the company a "hold" rating in a report on Monday, April 14th. JPMorgan Chase & Co. increased their price objective on Chewy from $36.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $44.00 price objective (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.78.

Chewy Price Performance

Shares of NYSE:CHWY traded up $1.07 during trading on Thursday, reaching $35.81. The stock had a trading volume of 6,132,548 shares, compared to its average volume of 5,705,689. The stock has a market capitalization of $14.87 billion, a PE ratio of 128.67, a P/E/G ratio of 7.25 and a beta of 1.67. Chewy has a 52 week low of $21.97 and a 52 week high of $48.62. The business's 50-day moving average price is $40.71 and its 200 day moving average price is $37.98.

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

Chewy 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.