41,445 Shares in Chewy, Inc. (NYSE:CHWY) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Chewy, Inc. (NYSE:CHWY) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,445 shares of the company’s stock, valued at approximately $12,140,000.

A number of other institutional investors have also added to or reduced their stakes in CHWY. 1620 Investment Advisors Inc. bought a new position in Chewy during the second quarter worth about $33,000. Blue Trust Inc. lifted its stake in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Industrial Alliance Investment Management Inc. bought a new position in Chewy during the second quarter worth about $44,000. First Horizon Advisors Inc. bought a new position in Chewy during the second quarter worth about $48,000. Finally, Skylands Capital LLC bought a new position in Chewy during the second quarter worth about $52,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CHWY shares. Raymond James cut shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Barclays lifted their target price on shares of Chewy from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. UBS Group lifted their target price on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Bank of America lifted their target price on shares of Chewy from $20.00 to $24.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Finally, Argus cut shares of Chewy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $29.55.

Insider Activity

In other news, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,398,271 shares of the company’s stock, valued at $31,097,547.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total value of $789,999,991.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the sale, the chief executive officer now directly owns 1,398,271 shares in the company, valued at $31,097,547.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,138,627 shares of company stock valued at $827,147,620 in the last quarter. Company insiders own 2.10% of the company’s stock.

Chewy Stock Performance

CHWY opened at $26.51 on Thursday. The company has a fifty day moving average price of $28.67 and a two-hundred day moving average price of $24.18. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The firm has a market capitalization of $11.08 billion, a PE ratio of 147.28, a P/E/G ratio of 3.04 and a beta of 1.05.

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

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.