Raymond James Financial Services Advisors Inc. Acquires 20,025 Shares of Chewy, Inc. (NYSE:CHWY)

Raymond James Financial Services Advisors Inc. grew its holdings in shares of Chewy, Inc. (NYSE:CHWYGet Rating) by 21.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 115,341 shares of the company’s stock after buying an additional 20,025 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Chewy were worth $3,543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CHWY. Baillie Gifford & Co. boosted its holdings in shares of Chewy by 30.5% during the 2nd quarter. Baillie Gifford & Co. now owns 16,533,230 shares of the company’s stock valued at $574,035,000 after buying an additional 3,864,834 shares in the last quarter. Samlyn Capital LLC bought a new stake in shares of Chewy during the 2nd quarter valued at $49,246,000. Wellington Management Group LLP boosted its holdings in shares of Chewy by 19.0% during the 1st quarter. Wellington Management Group LLP now owns 5,369,539 shares of the company’s stock valued at $218,969,000 after buying an additional 856,909 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Chewy by 36.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 994,842 shares of the company’s stock valued at $34,541,000 after buying an additional 267,414 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Chewy in the 2nd quarter worth about $8,242,000. Institutional investors own 99.05% of the company’s stock.

Insider Activity

In other news, General Counsel Susan Helfrick sold 19,662 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $40.48, for a total transaction of $795,917.76. Following the completion of the sale, the general counsel now owns 107,623 shares of the company’s stock, valued at approximately $4,356,579.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Mario Jesus Marte sold 28,171 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $43.96, for a total transaction of $1,238,397.16. Following the completion of the transaction, the chief financial officer now directly owns 147,088 shares in the company, valued at approximately $6,465,988.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Susan Helfrick sold 19,662 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $40.48, for a total value of $795,917.76. Following the transaction, the general counsel now owns 107,623 shares of the company’s stock, valued at $4,356,579.04. The disclosure for this sale can be found here. Insiders sold 208,893 shares of company stock valued at $8,926,072 in the last quarter. 1.80% of the stock is currently owned by insiders.

Chewy Stock Up 0.0 %

NYSE CHWY opened at $43.76 on Friday. Chewy, Inc. has a 52 week low of $22.22 and a 52 week high of $54.19. The firm has a market capitalization of $18.53 billion, a P/E ratio of -875.02 and a beta of 0.71. The company has a 50-day moving average price of $40.43 and a 200-day moving average price of $39.19.

Chewy (NYSE:CHWYGet Rating) last released its quarterly earnings results on Thursday, December 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. Chewy had a negative net margin of 0.21% and a negative return on equity of 23.10%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.45 billion. As a group, equities research analysts anticipate that Chewy, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHWY. Morgan Stanley lowered their price target on Chewy from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 25th. Oppenheimer began coverage on Chewy in a research report on Thursday, October 6th. They issued an “outperform” rating and a $42.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Chewy from $40.00 to $50.00 in a research report on Monday, November 21st. Evercore ISI lifted their price target on Chewy to $55.00 in a research report on Monday, December 12th. Finally, Robert W. Baird lifted their price target on Chewy from $45.00 to $50.00 in a research report on Friday, December 9th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $44.16.

Chewy Profile

(Get Rating)

Chewy, Inc operates as a pure-play pet e-tailer in the United States. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.

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Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy, Inc. (NYSE:CHWYGet Rating).

Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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