Transatlantique Private Wealth LLC Acquires Shares of 8,898 Chewy, Inc. (NYSE:CHWY)

Transatlantique Private Wealth LLC acquired a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,898 shares of the company's stock, valued at approximately $298,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CHWY shares. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Seaport Res Ptn upgraded Chewy to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley dropped their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays boosted their price target on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Finally, The Goldman Sachs Group increased their target price on Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chewy presently has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 9,285 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the sale, the chief executive officer now directly owns 489,750 shares of the company's stock, valued at approximately $19,590,000. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David Reeder sold 307,558 shares of Chewy stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the sale, the chief financial officer now directly owns 546,257 shares of the company's stock, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 537,831 shares of company stock worth $20,246,710. Corporate insiders own 2.10% of the company's stock.

Chewy Stock Up 2.0 %

NYSE:CHWY traded up $0.71 during trading hours on Friday, reaching $36.74. 3,869,273 shares of the stock were exchanged, compared to its average volume of 7,395,910. Chewy, Inc. has a twelve month low of $14.85 and a twelve month high of $40.09. The business has a 50-day moving average of $34.03 and a two-hundred day moving average of $33.75. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 24.47% and a net margin of 3.51%. Chewy's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. On average, research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

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.