Assenagon Asset Management S.A. Sells 239,166 Shares of Chewy $CHWY

Assenagon Asset Management S.A. decreased its holdings in Chewy (NYSE:CHWY) by 31.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 522,254 shares of the company’s stock after selling 239,166 shares during the period. Assenagon Asset Management S.A. owned approximately 0.13% of Chewy worth $21,125,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in Chewy by 52.5% during the third quarter. Central Pacific Bank Trust Division now owns 18,631 shares of the company’s stock valued at $754,000 after buying an additional 6,410 shares during the period. GAMMA Investing LLC lifted its stake in shares of Chewy by 22.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,123 shares of the company’s stock valued at $167,000 after acquiring an additional 754 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Chewy during the 2nd quarter valued at about $438,000. Centaurus Financial Inc. bought a new position in Chewy during the 2nd quarter worth approximately $120,000. Finally, Orion Porfolio Solutions LLC grew its position in Chewy by 19.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 53,175 shares of the company’s stock worth $2,266,000 after acquiring an additional 8,562 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Trading Up 0.5%

NYSE CHWY opened at $32.44 on Friday. Chewy has a 12 month low of $29.83 and a 12 month high of $48.62. The stock’s fifty day moving average price is $34.40 and its 200-day moving average price is $37.86. The stock has a market cap of $13.46 billion, a P/E ratio of 67.58, a P/E/G ratio of 3.25 and a beta of 1.58.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. Chewy’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHWY has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. Mizuho reiterated an “outperform” rating and set a $50.00 target price on shares of Chewy in a report on Tuesday, November 4th. Robert W. Baird cut their target price on Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.72.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 8,872 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total transaction of $297,478.16. Following the sale, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at $7,701,908.06. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $36,679.12. Following the completion of the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at $1,015,792.40. The trade was a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 83,985 shares of company stock valued at $2,802,809. Corporate insiders own 0.43% of the company’s stock.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.