Chewy, Inc. (NYSE:CHWY) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in Chewy, Inc. (NYSE:CHWY) by 15.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,462 shares of the company’s stock after selling 2,613 shares during the period. Private Advisor Group LLC’s holdings in Chewy were worth $424,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Chewy during the 2nd quarter worth about $11,916,000. Russell Investments Group Ltd. raised its holdings in Chewy by 27.7% in the 1st quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock valued at $1,355,000 after acquiring an additional 18,768 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Chewy by 127.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock valued at $27,328,000 after acquiring an additional 963,540 shares during the last quarter. Cetera Advisors LLC acquired a new stake in Chewy in the 1st quarter valued at about $334,000. Finally, Sanctuary Advisors LLC acquired a new stake in Chewy in the 2nd quarter valued at about $673,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Performance

Shares of Chewy stock opened at $29.20 on Wednesday. The company has a market capitalization of $12.21 billion, a P/E ratio of 35.61, a PEG ratio of 2.71 and a beta of 1.06. The company’s fifty day moving average is $28.82 and its two-hundred day moving average is $24.56. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $39.10.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CHWY. Evercore ISI increased their price target on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Argus cut shares of Chewy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Wednesday, October 23rd. Robert W. Baird increased their price objective on shares of Chewy from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, Barclays raised their price target on shares of Chewy from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.55.

Insiders Place Their Bets

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

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.