Chewy, Inc. (NYSE:CHWY) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in Chewy, Inc. (NYSE:CHWY) by 16.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 563,759 shares of the company’s stock after selling 114,689 shares during the period. ProShare Advisors LLC owned about 0.13% of Chewy worth $15,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CHWY. Ensign Peak Advisors Inc raised its stake in shares of Chewy by 29.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 57,193 shares of the company’s stock worth $1,558,000 after buying an additional 12,950 shares during the period. BC Partners Advisors L.P. purchased a new stake in Chewy in the 2nd quarter worth $7,517,800,000. Trust Investment Advisors acquired a new position in Chewy during the second quarter worth $1,764,000. Brighton Jones LLC purchased a new position in Chewy during the second quarter valued at $304,000. Finally, WCG Wealth Advisors LLC acquired a new stake in shares of Chewy in the second quarter valued at about $482,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Performance

CHWY opened at $29.87 on Tuesday. The stock has a market capitalization of $12.99 billion, a PE ratio of 165.94, a P/E/G ratio of 3.02 and a beta of 1.04. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The business’s 50 day moving average price is $26.67 and its 200 day moving average price is $21.99.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 21.00% and a net margin of 3.20%. As a group, equities research analysts forecast that Chewy, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $318,877.12. Following the completion of the sale, the chief executive officer now owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sumit Singh sold 14,338 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the transaction, the chief executive officer now directly owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $28.49, for a total value of $499,999,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,776,889 shares of company stock worth $1,330,973,224. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Evercore ISI lifted their price target on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Mizuho increased their price objective on Chewy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 10th. Raymond James cut shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Finally, Needham & Company LLC increased their target price on shares of Chewy from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.11.

Chewy 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 websites and mobile applications.