LPL Financial LLC Sells 12,404 Shares of Chewy, Inc. (NYSE:CHWY)

LPL Financial LLC lessened its holdings in Chewy, Inc. (NYSE:CHWY – Get Rating) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,684 shares of the company’s stock after selling 12,404 shares during the period. LPL Financial LLC’s holdings in Chewy were worth $1,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Chewy by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 205,471 shares of the company’s stock valued at $7,619,000 after acquiring an additional 836 shares during the last quarter. TD Asset Management Inc grew its position in Chewy by 4.9% in the fourth quarter. TD Asset Management Inc now owns 11,212 shares of the company’s stock valued at $416,000 after acquiring an additional 528 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Chewy by 52.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 162,164 shares of the company’s stock valued at $6,013,000 after acquiring an additional 55,874 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Chewy by 443.1% during the fourth quarter. Parallel Advisors LLC now owns 1,412 shares of the company’s stock valued at $52,000 after purchasing an additional 1,152 shares in the last quarter. Finally, AM Investment Strategies LLC acquired a new stake in shares of Chewy during the fourth quarter valued at about $217,000. Institutional investors own 99.05% of the company’s stock.

Insider Activity

In other news, CEO Sumit Singh sold 21,317 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $39.74, for a total transaction of $847,137.58. Following the completion of the sale, the chief executive officer now owns 759,876 shares in the company, valued at $30,197,472.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Sumit Singh sold 21,317 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $39.74, for a total transaction of $847,137.58. Following the completion of the sale, the chief executive officer now owns 759,876 shares in the company, valued at $30,197,472.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mario Jesus Marte sold 3,813 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $39.74, for a total value of $151,528.62. Following the sale, the chief financial officer now owns 190,024 shares of the company’s stock, valued at approximately $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 quarter. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Chewy in a research note on Monday, April 17th. JMP Securities initiated coverage on Chewy in a research note on Tuesday, April 11th. They set an “outperform” rating and a $50.00 price target on the stock. Raymond James raised Chewy from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Wednesday, May 3rd. Gordon Haskett initiated coverage on Chewy in a research note on Wednesday, February 15th. They set a “hold” rating and a $46.00 price target on the stock. Finally, Citigroup cut their price target on Chewy from $43.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, March 27th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.77.

Chewy Stock Down 1.4 %

NYSE CHWY opened at $32.04 on Wednesday. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 291.30, a P/E/G ratio of 105.47 and a beta of 0.76. Chewy, Inc. has a 52 week low of $22.22 and a 52 week high of $52.88. The business has a 50 day moving average price of $34.38 and a 200-day moving average price of $39.14.

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

Chewy Company 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.