Vident Advisory LLC Acquires New Stake in Chewy, Inc. (NYSE:CHWY)

Vident Advisory LLC purchased a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,028 shares of the company's stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Transatlantique SA bought a new stake in shares of Chewy during the 4th quarter worth $30,000. Fifth Third Bancorp raised its position in 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 purchasing an additional 444 shares in the last quarter. Blue Trust Inc. lifted its stake in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares during the last quarter. Allworth Financial LP lifted its stake in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Chewy in the 4th quarter worth about $86,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 148,063 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the sale, the chief executive officer now directly owns 705,252 shares of the company's stock, valued at $28,682,598.84. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Reeder sold 11,582 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $36.44, for a total value of $422,048.08. Following the transaction, the chief financial officer now directly owns 397,556 shares of the company's stock, valued at $14,486,940.64. This represents a 2.83% decrease in their position. 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 over the last three months. Corporate insiders own 2.10% of the company's stock.

Chewy Stock Performance

Shares of Chewy stock traded up $2.19 during midday trading on Monday, reaching $47.44. 8,675,705 shares of the company's stock traded hands, compared to its average volume of 6,951,121. The stock has a 50 day moving average of $37.57 and a 200-day moving average of $35.97. Chewy, Inc. has a 12 month low of $19.75 and a 12 month high of $47.54. The company has a market cap of $19.62 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CHWY shares. Citigroup boosted their target price on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and issued a $42.00 price objective on shares of Chewy in a report on Thursday, March 27th. Barclays upped their price objective on shares of Chewy from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group boosted their price target on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.