MetLife Investment Management LLC Takes $3.02 Million Position in Chewy, Inc. (NYSE:CHWY)

MetLife Investment Management LLC acquired a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 90,018 shares of the company's stock, valued at approximately $3,015,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Chewy during the 4th quarter worth about $892,000. Dimensional Fund Advisors LP lifted its holdings in shares of Chewy by 158.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 554,100 shares of the company's stock worth $18,561,000 after purchasing an additional 340,016 shares in the last quarter. First Trust Advisors LP bought a new stake in Chewy during the 4th quarter valued at $5,826,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Chewy by 522.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 93,193 shares of the company's stock valued at $3,122,000 after buying an additional 78,227 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Chewy by 145.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 814,600 shares of the company's stock worth $27,281,000 after acquiring an additional 482,600 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Analysts Set New Price Targets

CHWY has been the subject of several analyst reports. Argus raised Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JMP Securities cut their price objective on Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. 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 report on Thursday, March 27th. Finally, Guggenheim set a $42.00 target price on shares of Chewy and gave the company a "buy" rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.47.

Chewy Stock Down 0.0 %

NYSE:CHWY traded down $0.02 during midday trading on Friday, hitting $36.36. The company had a trading volume of 1,772,385 shares, compared to its average volume of 7,356,621. The company has a market capitalization of $15.04 billion, a PE ratio of 39.95, a P/E/G ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 52-week low of $14.88 and a 52-week high of $40.09. The stock's fifty day moving average price is $34.12 and its 200-day moving average price is $33.96.

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

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 57,432 shares of Chewy stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $37.90, for a total transaction of $2,176,672.80. Following the sale, the chief executive officer now directly owns 877,704 shares of the company's stock, valued at approximately $33,264,981.60. The trade was a 6.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. The trade was a 21.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,907 shares of company stock worth $16,529,750. Company insiders own 2.10% of the company's stock.

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.