Penserra Capital Management LLC Trims Position in Chewy (NYSE:CHWY)

Penserra Capital Management LLC cut its stake in Chewy (NYSE:CHWY - Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,509 shares of the company's stock after selling 11,020 shares during the period. Penserra Capital Management LLC's holdings in Chewy were worth $4,567,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CHWY. Parallel Advisors LLC boosted its holdings in shares of Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after buying an additional 473 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Chewy during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after buying an additional 481 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after buying an additional 353 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Chewy by 225.7% during the 1st quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock worth $61,000 after buying an additional 1,293 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Price Performance

Shares of Chewy stock traded down $1.23 during trading hours on Tuesday, hitting $39.79. 1,714,510 shares of the company's stock traded hands, compared to its average volume of 6,199,270. Chewy has a 12-month low of $19.75 and a 12-month high of $48.62. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 8.62 and a beta of 1.71. The company has a fifty day simple moving average of $42.20 and a 200-day simple moving average of $37.74.

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

Wall Street Analyst Weigh In

CHWY has been the topic of a number of research analyst reports. Wedbush restated an "outperform" rating and set a $39.00 price target on shares of Chewy in a report on Thursday, March 27th. UBS Group increased their price target on Chewy from $36.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Wall Street Zen cut Chewy from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Mizuho cut Chewy from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $43.00 to $47.00 in a report on Monday, June 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.39.

Insider Transactions at Chewy

In related news, CTO Satish Mehta sold 9,243 shares of Chewy stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $36.50, for a total value of $337,369.50. Following the completion of the sale, the chief technology officer owned 276,467 shares of the company's stock, valued at approximately $10,091,045.50. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $36.44, for a total value of $422,048.08. Following the completion of the sale, the chief financial officer directly owned 397,556 shares of the company's stock, valued at approximately $14,486,940.64. This trade represents a 2.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,167,614 shares of company stock worth $1,259,102,436. Insiders own 0.43% of the company's stock.

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.