Chewy $CHWY Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Chewy (NYSE:CHWY) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,133 shares of the company’s stock after selling 19,740 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Chewy were worth $1,756,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Chewy by 5.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,058 shares of the company’s stock worth $1,489,000 after buying an additional 2,182 shares during the period. Birch Hill Investment Advisors LLC raised its stake in shares of Chewy by 2.3% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 457,311 shares of the company’s stock worth $15,114,000 after buying an additional 10,450 shares during the period. Lecap Asset Management Ltd. raised its stake in shares of Chewy by 215.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 65,368 shares of the company’s stock worth $2,160,000 after buying an additional 44,654 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Chewy during the 4th quarter worth approximately $384,000. Finally, MOKAN Wealth Management Inc. acquired a new position in shares of Chewy during the 4th quarter worth approximately $250,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Performance

NYSE CHWY opened at $25.52 on Friday. The business has a fifty day moving average price of $25.99 and a 200 day moving average price of $30.23. Chewy has a one year low of $22.74 and a one year high of $48.62. The company has a market cap of $10.63 billion, a P/E ratio of 49.08, a P/E/G ratio of 1.10 and a beta of 1.50.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that Chewy will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

CHWY has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Chewy from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a research note on Thursday, February 5th. Zacks Research raised Chewy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Argus raised Chewy to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, Wolfe Research set a $44.00 target price on Chewy in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average target price of $42.91.

Insider Buying and Selling at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the company’s 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.43% of the stock is owned by corporate insiders.

About Chewy

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.