Advisory Services Network LLC Sells 22,256 Shares of Chewy, Inc. (NYSE:CHWY)

Advisory Services Network LLC trimmed its stake in shares of Chewy, Inc. (NYSE:CHWYFree Report) by 65.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,643 shares of the company’s stock after selling 22,256 shares during the quarter. Advisory Services Network LLC’s holdings in Chewy were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. CenterBook Partners LP purchased a new stake in Chewy in the 3rd quarter worth approximately $573,000. Charles Schwab Investment Management Inc. lifted its holdings in Chewy by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,247 shares of the company’s stock worth $15,767,000 after buying an additional 39,301 shares during the period. Rafferty Asset Management LLC lifted its holdings in Chewy by 29.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 19,677 shares of the company’s stock worth $359,000 after buying an additional 4,524 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Chewy in the 4th quarter worth approximately $339,000. Finally, Jump Financial LLC lifted its holdings in Chewy by 356.6% in the 4th quarter. Jump Financial LLC now owns 164,569 shares of the company’s stock worth $3,889,000 after buying an additional 128,525 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 8,019 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares of the company’s stock, valued at approximately $8,612,261.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chewy news, CTO Satish Mehta sold 8,019 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the sale, the chief technology officer now owns 569,594 shares in the company, valued at approximately $8,612,261.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,862 shares of company stock valued at $1,047,242. 2.10% of the stock is owned by corporate insiders.

Chewy Stock Performance

Shares of Chewy stock opened at $22.23 on Wednesday. The stock has a market cap of $9.67 billion, a P/E ratio of 123.47, a P/E/G ratio of 9.12 and a beta of 0.99. The stock’s fifty day moving average is $16.78 and its 200 day moving average is $18.26. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.78.

Chewy (NYSE:CHWYGet Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. Analysts predict that Chewy, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho assumed coverage on Chewy in a report on Tuesday, March 19th. They issued a “neutral” rating and a $18.00 price objective for the company. Jefferies Financial Group lowered their target price on Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Raymond James raised their target price on Chewy from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft raised their target price on Chewy from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Royal Bank of Canada lowered their target price on Chewy from $35.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

Check Out Our Latest Stock Report on Chewy

About Chewy

(Free Report)

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.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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