Sandia Investment Management LP Has $84,000 Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Sandia Investment Management LP cut its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 75.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,500 shares of the company's stock after selling 7,500 shares during the quarter. Sandia Investment Management LP's holdings in Chewy were worth $84,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Snowden Capital Advisors LLC boosted its position in shares of Chewy by 4.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 16,442 shares of the company's stock worth $551,000 after purchasing an additional 669 shares in the last quarter. Shay Capital LLC bought a new position in shares of Chewy during the fourth quarter worth $419,000. Rafferty Asset Management LLC boosted its position in shares of Chewy by 23.2% during the fourth quarter. Rafferty Asset Management LLC now owns 16,519 shares of the company's stock worth $553,000 after purchasing an additional 3,109 shares in the last quarter. Rip Road Capital Partners LP boosted its position in shares of Chewy by 3.1% during the fourth quarter. Rip Road Capital Partners LP now owns 158,194 shares of the company's stock worth $5,298,000 after purchasing an additional 4,776 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in shares of Chewy by 26.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock worth $9,670,000 after purchasing an additional 60,533 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Chewy Trading Up 1.8%

NYSE CHWY traded up $0.78 during trading on Tuesday, reaching $44.09. The company's stock had a trading volume of 6,393,900 shares, compared to its average volume of 7,307,582. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 48.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a 12 month low of $16.06 and a 12 month high of $44.18. The firm has a 50 day moving average price of $35.27 and a 200 day moving average price of $35.05.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. On average, equities analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Chewy to a "hold" rating in a research report on Monday, March 24th. Mizuho raised their price objective on shares of Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, March 27th. Argus upgraded shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Morgan Stanley dropped their price objective on shares of Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.47.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the transaction, the chief executive officer now owns 62,096 shares of the company's stock, valued at approximately $2,070,901.60. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 71,365 shares of the firm's stock in a transaction on 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 transaction, the chief technology officer now directly owns 262,853 shares of the company's stock, 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. Insiders sold a total of 307,411 shares of company stock valued at $11,928,229 in the last quarter. 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.