57,586 Shares in Chewy, Inc. (NYSE:CHWY) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 57,586 shares of the company's stock, valued at approximately $13,610,000.

A number of other institutional investors have also added to or reduced their stakes in CHWY. UniSuper Management Pty Ltd bought a new position in Chewy in the 2nd quarter worth about $28,000. Quarry LP increased its position in shares of Chewy by 120.2% during the 1st quarter. Quarry LP now owns 874 shares of the company's stock valued at $33,000 after purchasing an additional 477 shares during the last quarter. Headinvest LLC bought a new position in shares of Chewy during the 3rd quarter valued at about $39,000. Ossiam increased its position in shares of Chewy by 104.1% during the 1st quarter. Ossiam now owns 2,263 shares of the company's stock valued at $85,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Chewy by 47.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,589 shares of the company's stock valued at $90,000 after purchasing an additional 835 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Trading Down 4.7 %

NYSE:CHWY traded down $0.88 during trading hours on Friday, reaching $17.66. 11,742,946 shares of the company traded hands, compared to its average volume of 9,171,806. The business's 50-day moving average price is $16.93 and its two-hundred day moving average price is $18.75. The stock has a market capitalization of $7.68 billion, a P/E ratio of 218.28, a P/E/G ratio of 9.06 and a beta of 0.90. Chewy, Inc. has a 1 year low of $15.08 and a 1 year high of $40.78.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.09. The business had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. As a group, equities analysts anticipate that Chewy, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling at Chewy

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares of the company's stock, valued at approximately $3,785,732.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Chewy news, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares of the company's stock, valued at approximately $3,785,732.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 6,728 shares of Chewy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $104,485.84. Following the completion of the sale, the chief executive officer now directly owns 129,991 shares of the company's stock, valued at approximately $2,018,760.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,169 shares of company stock worth $4,396,079. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

CHWY has been the topic of several recent research reports. Bank of America reduced their price objective on Chewy from $17.00 to $16.50 and set an "underperform" rating on the stock in a research report on Thursday, March 21st. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. Mizuho initiated coverage on Chewy in a research report on Tuesday, March 19th. They set a "neutral" rating and a $18.00 price objective on the stock. Piper Sandler reduced their price objective on Chewy from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Chewy from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Chewy presently has an average rating of "Moderate Buy" and a consensus price target of $27.64.

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 website www.chewy.com, as well as mobile applications.