Chewy, Inc. (NYSE:CHWY) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Chewy, Inc. (NYSE:CHWY – Get Rating) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,630 shares of the company’s stock after selling 5,263 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Chewy were worth $1,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Chewy by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 146,374 shares of the company’s stock worth $5,969,000 after acquiring an additional 3,814 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Chewy by 40.0% during the 1st quarter. Panagora Asset Management Inc. now owns 24,000 shares of the company’s stock worth $979,000 after buying an additional 6,863 shares in the last quarter. BlackRock Inc. lifted its holdings in Chewy by 5.1% during the 1st quarter. BlackRock Inc. now owns 2,329,086 shares of the company’s stock worth $94,981,000 after buying an additional 112,753 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Chewy by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 155,106 shares of the company’s stock worth $6,326,000 after buying an additional 11,146 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in Chewy by 10.7% during the 1st quarter. Vontobel Holding Ltd. now owns 38,171 shares of the company’s stock worth $1,633,000 after buying an additional 3,682 shares in the last quarter. 99.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chewy

In other news, CFO Mario Jesus Marte sold 3,813 shares of Chewy stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $151,528.62. Following the completion of the sale, the chief financial officer now directly owns 190,024 shares in the company, valued at $7,551,553.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CTO Satish Mehta sold 4,635 shares of Chewy stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $184,194.90. Following the completion of the sale, the chief technology officer now directly owns 412,485 shares in the company, valued at $16,392,153.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mario Jesus Marte sold 3,813 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $151,528.62. Following the completion of the sale, the chief financial officer now owns 190,024 shares of the company’s stock, valued at $7,551,553.76. The disclosure for this sale can be found here. Insiders sold a total of 29,765 shares of company stock worth $1,182,861 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Chewy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $41.00 to $35.00 in a report on Thursday, March 23rd. Argus assumed coverage on shares of Chewy in a research report on Wednesday, April 19th. They issued a “hold” rating on the stock. Barclays dropped their price objective on shares of Chewy from $35.00 to $33.00 in a research report on Thursday, March 23rd. Citigroup dropped their target price on shares of Chewy from $43.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, March 27th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Chewy in a research report on Thursday, March 9th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.77.

Chewy Trading Down 6.3 %

NYSE:CHWY opened at $31.64 on Monday. The firm has a 50-day moving average price of $34.65 and a two-hundred day moving average price of $39.17. Chewy, Inc. has a twelve month low of $22.22 and a twelve month high of $52.88. The company has a market capitalization of $13.51 billion, a P/E ratio of 287.66, a price-to-earnings-growth ratio of 112.60 and a beta of 0.76.

Chewy (NYSE:CHWY – Get Rating) last posted its earnings results on Wednesday, March 22nd. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.28. Chewy had a net margin of 0.49% and a return on equity of 45.19%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, equities research analysts predict that Chewy, Inc. will post 0.02 earnings per share for the current year.

Chewy Profile

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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.