International Assets Investment Management LLC Makes New $13.61 Million Investment in Chewy, Inc. (NYSE:CHWY)

International Assets Investment Management LLC bought a new position in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,586 shares of the company’s stock, valued at approximately $13,610,000.

Several other hedge funds have also recently bought and sold shares of CHWY. Vanguard Group Inc. raised its holdings in shares of Chewy by 4.2% during the third quarter. Vanguard Group Inc. now owns 8,464,429 shares of the company’s stock worth $154,560,000 after acquiring an additional 344,273 shares in the last quarter. Bank of New York Mellon Corp raised its position in Chewy by 101.4% during the third quarter. Bank of New York Mellon Corp now owns 3,478,510 shares of the company’s stock valued at $63,518,000 after acquiring an additional 1,751,131 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Chewy by 141.2% in the third quarter. Qube Research & Technologies Ltd now owns 1,188,823 shares of the company’s stock valued at $21,708,000 after acquiring an additional 695,907 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Chewy by 13.3% during the 3rd quarter. AQR Capital Management LLC now owns 799,640 shares of the company’s stock valued at $14,601,000 after purchasing an additional 93,708 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Chewy by 8.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 546,337 shares of the company’s stock valued at $9,976,000 after purchasing an additional 43,861 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In related news, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at approximately $3,785,732.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Chewy news, CEO Sumit Singh sold 6,728 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the transaction, the chief executive officer now directly owns 129,991 shares of the company’s stock, valued at approximately $2,018,760.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Stacy Bowman sold 8,025 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The disclosure for this sale can be found here. In the last three months, insiders sold 15,884 shares of company stock worth $249,235. 2.10% of the stock is owned by company insiders.

Chewy Stock Performance

NYSE CHWY opened at $15.91 on Monday. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 198.90, a PEG ratio of 8.28 and a beta of 0.91. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.78. The stock’s 50 day moving average price is $16.62 and its two-hundred day moving average price is $18.52.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. Chewy had a net margin of 0.33% and a return on equity of 11.69%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. On average, equities research analysts forecast that Chewy, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CHWY shares. Jefferies Financial Group reduced their price target on Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Bank of America lowered their price target on Chewy from $17.00 to $16.50 and set an “underperform” rating on the stock in a research note on Thursday, March 21st. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. Barclays raised shares of Chewy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $30.00 in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Chewy from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

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.