17,275 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue acquired a new position in shares of Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,275 shares of the company’s stock, valued at approximately $578,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its position in Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after purchasing an additional 2,497,689 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in Chewy by 5.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock valued at $81,014,000 after acquiring an additional 138,768 shares during the period. Eagle Asset Management Inc. increased its position in Chewy by 97.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after acquiring an additional 975,647 shares during the period. Geode Capital Management LLC increased its position in Chewy by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock valued at $45,443,000 after acquiring an additional 119,633 shares during the period. Finally, Wellington Management Group LLP increased its position in Chewy by 22.0% in the 3rd quarter. Wellington Management Group LLP now owns 921,741 shares of the company’s stock valued at $26,998,000 after acquiring an additional 166,187 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Trading Down 0.9 %

Shares of NYSE:CHWY opened at $37.64 on Friday. The stock has a 50 day moving average of $35.81 and a 200 day moving average of $31.27. The company has a market cap of $15.32 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) EPS. Equities research analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CHWY. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $40.00 in a research report on Friday, November 8th. The Goldman Sachs Group increased their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird increased their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. Finally, Evercore ISI upgraded shares of Chewy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Insider Activity at Chewy

In other Chewy news, CFO David Reeder sold 307,558 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the transaction, the chief financial officer now owns 546,257 shares of the company’s stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 71,161 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $32.50, for a total value of $2,312,732.50. Following the transaction, the chief executive officer now directly owns 77,838 shares in the company, valued at $2,529,735. The trade was a 47.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,561,427 shares of company stock worth $933,874,848. Company insiders own 2.10% of the company’s stock.

About Chewy

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.