Oxford Asset Management LLP Has $510,000 Stock Position in Chewy, Inc. (NYSE:CHWY)

Oxford Asset Management LLP raised its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 86.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,237 shares of the company's stock after purchasing an additional 7,045 shares during the period. Oxford Asset Management LLP's holdings in Chewy were worth $510,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. raised its stake in shares of Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after buying an additional 320 shares in the last quarter. Allworth Financial LP raised its stake in shares of Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after buying an additional 650 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Chewy in the 3rd quarter valued at $63,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Chewy in the 4th quarter valued at $86,000. 93.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the transaction, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This represents a 21.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sumit Singh sold 57,432 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 877,704 shares of the company's stock, valued at approximately $33,264,981.60. This represents a 6.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,907 shares of company stock worth $16,529,750. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHWY. Mizuho increased their price objective on shares of Chewy from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, March 27th. Citigroup increased their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Barclays increased their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, Chewy has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Chewy Stock Down 3.0 %

Shares of CHWY traded down $1.13 during trading hours on Thursday, reaching $36.37. The stock had a trading volume of 5,518,060 shares, compared to its average volume of 7,375,096. Chewy, Inc. has a 52 week low of $14.85 and a 52 week high of $40.09. The firm has a 50-day moving average of $34.08 and a 200 day moving average of $33.91. The company has a market cap of $15.05 billion, a P/E ratio of 39.97, a P/E/G ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.25. The firm had revenue of $3.25 billion during 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%. The company's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, equities analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

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.