130,000 Shares in Chewy, Inc. (NYSE:CHWY) Bought by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd bought a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 130,000 shares of the company's stock, valued at approximately $3,072,000. Chewy accounts for approximately 4.3% of Andar Capital Management HK Ltd's portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company's stock worth $95,000 after acquiring an additional 543 shares during the period. IFM Investors Pty Ltd increased its stake in Chewy by 5.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 13,371 shares of the company's stock worth $244,000 after purchasing an additional 723 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Chewy by 2.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 33,199 shares of the company's stock worth $606,000 after purchasing an additional 730 shares in the last quarter. D.A. Davidson & CO. increased its stake in Chewy by 3.8% in the 3rd quarter. D.A. Davidson & CO. now owns 22,663 shares of the company's stock worth $414,000 after purchasing an additional 840 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in Chewy by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 11,984 shares of the company's stock worth $219,000 after purchasing an additional 875 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Up 0.4 %

Shares of NYSE:CHWY traded up $0.06 during trading on Wednesday, reaching $15.05. The stock had a trading volume of 6,740,381 shares, compared to its average volume of 8,882,716. The stock has a fifty day simple moving average of $16.63 and a two-hundred day simple moving average of $18.53. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 188.15, a P/E/G ratio of 8.21 and a beta of 0.90. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.78.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.79 billion. Chewy had a net margin of 0.33% and a return on equity of 11.69%. On average, analysts forecast that Chewy, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CHWY shares. Piper Sandler dropped their price target on Chewy from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 23rd. Bank of America decreased their price objective on Chewy from $17.00 to $16.50 and set an "underperform" rating for the company in a research report on Thursday, March 21st. Wedbush restated an "outperform" rating and set a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. Finally, Barclays upgraded Chewy from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $19.00 to $30.00 in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

Insider Buying and Selling

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

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.