International Assets Investment Management LLC Invests $13.61 Million in Chewy, Inc. (NYSE:CHWY)

International Assets Investment Management LLC bought a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Chewy by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,464,429 shares of the company's stock valued at $154,560,000 after purchasing an additional 344,273 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Chewy by 101.4% in the third quarter. Bank of New York Mellon Corp now owns 3,478,510 shares of the company's stock worth $63,518,000 after acquiring an additional 1,751,131 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Chewy by 141.2% in the third quarter. Qube Research & Technologies Ltd now owns 1,188,823 shares of the company's stock worth $21,708,000 after acquiring an additional 695,907 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Chewy by 13.3% in the third quarter. AQR Capital Management LLC now owns 799,640 shares of the company's stock worth $14,601,000 after acquiring an additional 93,708 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Chewy by 8.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 546,337 shares of the company's stock worth $9,976,000 after acquiring an additional 43,861 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chewy

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 243,769 shares of the company's stock, valued at $3,785,732.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Stacy Bowman sold 8,025 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 transaction of $124,628.25. Following the transaction, the chief accounting officer now directly owns 243,769 shares of the company's stock, valued at $3,785,732.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sumit Singh sold 46,090 shares of Chewy stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total transaction of $696,880.80. Following the transaction, the chief executive officer now directly owns 1,379,100 shares in the company, valued at $20,851,992. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,993 shares of company stock valued at $1,067,363. 2.10% of the stock is currently owned by insiders.

Chewy Trading Up 0.4 %

Shares of Chewy stock traded up $0.07 during midday trading on Monday, reaching $15.98. The company had a trading volume of 4,710,591 shares, compared to its average volume of 8,770,600. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 199.77, a price-to-earnings-growth ratio of 8.28 and a beta of 0.91. The stock has a fifty day simple moving average of $16.61 and a 200 day simple moving average of $18.51. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.78.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share 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 analyst estimates of $2.79 billion. Chewy had a net margin of 0.33% and a return on equity of 11.69%. Sell-side analysts expect that Chewy, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Chewy in a research note on Thursday, March 21st. Jefferies Financial Group cut their price objective on Chewy from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, March 21st. Mizuho initiated coverage on Chewy in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $18.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Chewy from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, March 21st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Chewy in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.50.

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.