Chewy, Inc. (NYSE:CHWY) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,834,178 shares of the company's stock after selling 652,052 shares during the quarter. Voya Investment Management LLC owned approximately 0.94% of Chewy worth $128,407,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CHWY. Vanguard Group Inc. increased its position in shares of Chewy by 31.8% during the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after buying an additional 3,493,926 shares during the period. Invesco Ltd. increased its holdings in shares of Chewy by 4,577.5% in the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after purchasing an additional 2,144,302 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Chewy during the fourth quarter valued at $69,789,000. Wealthfront Advisers LLC purchased a new position in Chewy in the 4th quarter worth about $46,003,000. Finally, FMR LLC grew its holdings in shares of Chewy by 32.4% in the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after acquiring an additional 1,293,428 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chewy

In other Chewy news, 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 transaction 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. This represents a 36.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of Chewy stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $3,345,560.00. Following the completion of the sale, the chief technology officer now directly owns 334,218 shares in the company, valued at $13,368,720. This represents a 20.02 % 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 valued at $20,246,710. Corporate insiders own 2.10% of the company's stock.

Chewy Trading Down 1.5 %

CHWY traded down $0.56 during midday trading on Wednesday, hitting $36.65. 1,221,382 shares of the company were exchanged, compared to its average volume of 7,365,295. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. The company's 50 day simple moving average is $34.03 and its 200 day simple moving average is $33.88. Chewy, Inc. has a 1-year low of $14.85 and a 1-year high of $40.09.

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

Analysts Set New Price Targets

A number of analysts have commented on CHWY shares. Morgan Stanley reduced their target price 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. Deutsche Bank Aktiengesellschaft set a $27.00 price objective on Chewy and gave the stock a "hold" rating in a report on Monday, April 14th. Evercore ISI upgraded shares of Chewy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.47.

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.