XTX Topco Ltd Invests $701,000 in Chewy (NYSE:CHWY)

Key Points

• XTX Topco Ltd invested approximately $701,000 in Chewy (NYSE:CHWY), acquiring 21,555 shares during the first quarter.
• Chewy's recent earnings report showed an EPS of $0.35 and revenue of $3.12 billion, exceeding analyst expectations.
• Institutional investors own 93.09% of Chewy's stock, indicating strong institutional confidence in the company.

XTX Topco Ltd purchased a new position in Chewy (NYSE:CHWY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 21,555 shares of the company's stock, valued at approximately $701,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Durable Capital Partners LP bought a new stake in shares of Chewy during the 4th quarter worth $79,050,000. Invesco Ltd. increased its position in Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after buying an additional 2,144,302 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Chewy in the first quarter valued at about $61,390,000. Alyeska Investment Group L.P. grew its position in shares of Chewy by 6,336.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company's stock valued at $53,890,000 after purchasing an additional 1,584,149 shares during the last quarter. Finally, FMR LLC grew its position in Chewy by 32.4% during the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after buying an additional 1,293,428 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Performance

CHWY opened at $35.81 on Tuesday. Chewy has a fifty-two week low of $19.75 and a fifty-two week high of $48.62. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 7.50 and a beta of 1.67. The company has a fifty day moving average of $41.11 and a 200 day moving average of $38.03.

Chewy (NYSE:CHWY - Get Free Report) last released its 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. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The business's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. On average, equities research analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CHWY. JMP Securities raised their price target on shares of Chewy from $39.00 to $48.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 10th. Citigroup reiterated an "outperform" rating on shares of Chewy in a research report on Thursday, July 10th. Jefferies Financial Group reiterated a "hold" rating and set a $43.00 target price (up previously from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Wall Street Zen lowered shares of Chewy from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, seventeen have given 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 an average rating of "Moderate Buy" and a consensus target price of $43.89.

Insider Activity

In other Chewy news, CEO Sumit Singh sold 148,063 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total transaction of $6,021,722.21. Following the sale, the chief executive officer owned 705,252 shares of the company's stock, valued at approximately $28,682,598.84. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,138,926 shares of company stock valued at $1,258,056,019. Company 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.

Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy (NYSE:CHWY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.