UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Chewy, Inc. (NYSE:CHWY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,837 shares of the company's stock after acquiring an additional 54,381 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of Chewy worth $9,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Chewy by 31.8% in the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after buying an additional 3,493,926 shares in the last quarter. FMR LLC grew its holdings in shares of Chewy by 32.4% in the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after purchasing an additional 1,293,428 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Chewy by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock worth $150,345,000 after acquiring an additional 399,330 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Chewy by 47.4% during the 4th quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock worth $129,495,000 after acquiring an additional 1,243,981 shares in the last quarter. Finally, Durable Capital Partners LP bought a new position in Chewy during the 4th quarter worth about $79,050,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insider Buying and Selling

In other Chewy news, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $286,999.50. Following the sale, the chief financial officer now owns 11,582 shares of the company's stock, valued at $422,743. The trade was a 40.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at approximately $2,070,901.60. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 307,411 shares of company stock valued at $11,928,229. 2.10% of the stock is owned by corporate insiders.

Chewy Stock Down 0.7%

Shares of NYSE:CHWY traded down $0.35 during trading on Wednesday, hitting $47.27. 4,301,562 shares of the stock traded hands, compared to its average volume of 6,912,789. The company has a market cap of $19.55 billion, a price-to-earnings ratio of 51.95, a P/E/G ratio of 2.21 and a beta of 1.69. The company has a fifty day moving average price of $38.17 and a two-hundred day moving average price of $36.13. Chewy, Inc. has a 52-week low of $19.75 and a 52-week high of $48.12.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, equities research analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHWY. Guggenheim set a $42.00 target price on shares of Chewy and gave the stock a "buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Chewy in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on shares of Chewy and gave the company a "hold" rating in a report on Monday, April 14th. Mizuho raised their price target on shares of Chewy from $42.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, March 27th. Finally, Wedbush restated an "outperform" rating and issued a $39.00 price target on shares of Chewy in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $40.18.

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.