Geneos Wealth Management Inc. Sells 2,531 Shares of Chewy, Inc. (NYSE:CHWY)

Geneos Wealth Management Inc. reduced its stake in shares of Chewy, Inc. (NYSE:CHWY) by 28.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,379 shares of the company’s stock after selling 2,531 shares during the period. Geneos Wealth Management Inc.’s holdings in Chewy were worth $151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baillie Gifford & Co. boosted its position in shares of Chewy by 16.8% during the fourth quarter. Baillie Gifford & Co. now owns 18,482,764 shares of the company’s stock valued at $436,748,000 after buying an additional 2,654,376 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Chewy by 15.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in Chewy during the 4th quarter valued at $216,000. International Assets Investment Management LLC bought a new stake in shares of Chewy in the 4th quarter worth $13,610,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Chewy by 347.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 79,265 shares of the company’s stock valued at $1,909,000 after purchasing an additional 61,556 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHWY has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Chewy in a report on Thursday, March 21st. JMP Securities restated a “market outperform” rating and issued a $28.00 target price on shares of Chewy in a research note on Friday, March 15th. Piper Sandler decreased their price target on Chewy from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. The Goldman Sachs Group cut their price objective on Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on Chewy from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.64.

Chewy Trading Down 4.9 %

Shares of CHWY stock opened at $17.64 on Monday. The firm’s 50 day moving average is $16.93 and its 200 day moving average is $18.76. The stock has a market capitalization of $7.67 billion, a P/E ratio of 220.53, a PEG ratio of 9.18 and a beta of 0.90. Chewy, Inc. has a 12 month low of $15.08 and a 12 month high of $40.78.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. On average, equities analysts predict that Chewy, Inc. will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 6,728 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $104,485.84. Following the sale, the chief executive officer now directly owns 129,991 shares in the company, valued at $2,018,760.23. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Sumit Singh sold 6,728 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $104,485.84. Following the completion of the transaction, the chief executive officer now directly owns 129,991 shares in the company, valued at approximately $2,018,760.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stacy Bowman sold 8,025 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the transaction, the chief accounting officer now directly owns 243,769 shares in the company, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. Insiders sold a total of 250,169 shares of company stock worth $4,396,079 in the last quarter. 2.10% of the stock is owned by company insiders.

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 website www.chewy.com, as well as mobile applications.