437,440 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 437,440 shares of the company's stock, valued at approximately $14,650,000. Susquehanna Fundamental Investments LLC owned 0.11% of Chewy at the end of the most recent quarter.

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

Chewy Trading Down 3.0 %

CHWY traded down $1.13 on Thursday, reaching $36.37. The stock had a trading volume of 5,518,060 shares, compared to its average volume of 5,651,481. Chewy, Inc. has a 12-month low of $14.88 and a 12-month high of $40.09. The company has a market cap of $15.05 billion, a P/E ratio of 39.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. The business's 50-day moving average price is $34.08 and its two-hundred day moving average price is $33.91.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter last year, the company earned $0.07 EPS. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CHWY shares. JMP Securities lowered their price objective on Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on Chewy and gave the stock a "hold" rating in a research note on Monday, April 14th. 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 report on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on shares of Chewy from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Chewy currently has a consensus rating of "Moderate Buy" and an average target price of $38.47.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 57,432 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $37.90, for a total value of $2,176,672.80. Following the transaction, the chief executive officer now directly owns 877,704 shares in the company, valued at approximately $33,264,981.60. This represents a 6.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Reeder sold 307,558 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the completion of the transaction, the chief financial officer now owns 546,257 shares of the company's stock, valued at $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,907 shares of company stock worth $16,529,750. Insiders own 2.10% of the company's stock.

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 websites and mobile applications.