Chewy, Inc. (NYSE:CHWY) Shares Purchased by Fmr LLC

FMR LLC lifted its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 32.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,288,757 shares of the company's stock after purchasing an additional 1,293,428 shares during the quarter. FMR LLC owned about 1.30% of Chewy worth $177,120,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after acquiring an additional 444 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Chewy in the third quarter worth $63,000. Allworth Financial LP raised its stake in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Chewy during the fourth quarter valued at $86,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Up 1.2 %

CHWY stock traded up $0.42 during trading on Friday, hitting $35.18. 4,897,067 shares of the company's stock traded hands, compared to its average volume of 7,418,036. The business has a fifty day simple moving average of $34.29 and a two-hundred day simple moving average of $33.48. The firm has a market capitalization of $14.55 billion, a P/E ratio of 38.66, a PEG ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09.

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

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 8,552 shares of the company'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 owns 62,096 shares in the company, valued at $2,070,901.60. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of Chewy stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the completion of the sale, the chief technology officer now owns 334,218 shares of the company's stock, valued at $13,368,720. This trade represents a 20.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 551,303 shares of company stock valued at $20,752,583. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CHWY shares. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a "buy" rating in a report on Tuesday, February 4th. The Goldman Sachs Group increased their target price on shares of Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on shares of Chewy and gave the stock a "hold" rating in a research note on Monday. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Chewy presently has an average rating of "Moderate Buy" and a consensus price target of $38.47.

About Chewy

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.