178,000 Shares in Chewy $CHWY Acquired by ING Groep NV

ING Groep NV bought a new position in shares of Chewy (NYSE:CHWY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 178,000 shares of the company’s stock, valued at approximately $5,883,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHWY. Capital World Investors increased its holdings in Chewy by 58.9% during the 4th quarter. Capital World Investors now owns 151,107 shares of the company’s stock valued at $4,994,000 after purchasing an additional 56,022 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Chewy during the fourth quarter worth $31,000. Modus Advisors LLC bought a new stake in shares of Chewy during the fourth quarter worth $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Chewy in the fourth quarter valued at $1,848,000. Finally, Lifestyle Asset Management Inc. increased its stake in shares of Chewy by 8.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 40,450 shares of the company’s stock valued at $1,337,000 after buying an additional 3,209 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Down 2.3%

Shares of Chewy stock opened at $20.16 on Tuesday. Chewy has a 12 month low of $19.30 and a 12 month high of $47.50. The business has a fifty day simple moving average of $24.03 and a 200 day simple moving average of $27.81. The stock has a market cap of $8.40 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Chewy will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sumit Singh sold 4,220 shares of Chewy stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $108,032.00. Following the completion of the sale, the chief executive officer directly owned 123,955 shares of the company’s stock, valued at $3,173,248. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 95,675 shares of company stock valued at $2,459,955. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHWY. Raymond James Financial restated an “outperform” rating and issued a $25.00 target price on shares of Chewy in a research note on Friday. BNP Paribas Exane restated a “neutral” rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a research note on Thursday, March 26th. UBS Group lowered their target price on Chewy from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. TD Cowen raised their target price on Chewy from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Finally, Wedbush lowered their target price on Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.24.

Chewy Profile

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.