Chewy, Inc. (NYSE:CHWY) Holdings Boosted by Altshuler Shaham Ltd

Altshuler Shaham Ltd grew its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 108.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,900 shares of the company's stock after buying an additional 23,900 shares during the quarter. Altshuler Shaham Ltd's holdings in Chewy were worth $1,537,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CHWY. Gabelli Funds LLC boosted its holdings in Chewy by 37.5% in the 4th quarter. Gabelli Funds LLC now owns 11,000 shares of the company's stock valued at $368,000 after purchasing an additional 3,000 shares in the last quarter. Bridgewater Associates LP grew its holdings in Chewy by 1,558.7% during the fourth quarter. Bridgewater Associates LP now owns 650,708 shares of the company's stock worth $21,792,000 after acquiring an additional 611,479 shares during the period. Guggenheim Capital LLC lifted its holdings in Chewy by 179.2% in the fourth quarter. Guggenheim Capital LLC now owns 23,215 shares of the company's stock valued at $777,000 after acquiring an additional 14,901 shares during the period. Senvest Management LLC boosted its position in shares of Chewy by 29.0% during the 4th quarter. Senvest Management LLC now owns 222,298 shares of the company's stock worth $7,445,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Summit Investment Advisors Inc. purchased a new position in shares of Chewy in the 4th quarter valued at about $1,106,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Trading Up 5.8 %

CHWY stock traded up $1.96 during midday trading on Tuesday, hitting $35.84. 2,252,933 shares of the company's stock were exchanged, compared to its average volume of 5,584,044. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. The firm has a 50 day moving average price of $34.17 and a 200-day moving average price of $33.61. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. On average, sell-side analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Activity

In other news, CTO Satish Mehta sold 71,365 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the transaction, the chief technology officer now owns 262,853 shares in the company, valued at approximately $9,357,566.80. This trade represents a 21.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 13,472 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $37.55, for a total value of $505,873.60. Following the completion of the transaction, the chief executive officer now directly owns 505,109 shares in the company, valued at $18,966,842.95. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 551,303 shares of company stock valued at $20,752,583. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. Barclays increased their price objective on shares of Chewy from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Seaport Res Ptn upgraded Chewy to a "hold" rating in a research report on Monday, March 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $42.00 price target on shares of Chewy in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.47.

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.