Wellington Management Group LLP Buys 166,187 Shares of Chewy, Inc. (NYSE:CHWY)

Wellington Management Group LLP boosted its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 22.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 921,741 shares of the company's stock after buying an additional 166,187 shares during the quarter. Wellington Management Group LLP owned approximately 0.22% of Chewy worth $26,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. bought a new stake in Chewy during the 2nd quarter valued at $33,000. Blue Trust Inc. boosted its stake in Chewy by 183.6% in the 3rd 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 stake in shares of Chewy during the second quarter valued at about $44,000. First Horizon Advisors Inc. purchased a new stake in shares of Chewy in the second quarter worth about $48,000. Finally, Skylands Capital LLC bought a new position in shares of Chewy in the second quarter valued at approximately $52,000. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a report on Friday, November 22nd. Royal Bank of Canada boosted their target price on Chewy from $39.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Barclays lifted their price target on Chewy from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. BNP Paribas downgraded shares of Chewy from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Chewy from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Chewy presently has a consensus rating of "Moderate Buy" and an average price target of $34.15.

Insider Activity at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $29.40, for a total value of $789,999,991.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 8,056 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total value of $269,634.32. Following the sale, the chief technology officer now owns 585,962 shares of the company's stock, valued at approximately $19,612,148.14. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,128,804 shares of company stock valued at $827,019,626 over the last ninety days. Insiders own 2.10% of the company's stock.

Chewy Stock Up 0.8 %

Chewy stock traded up $0.26 during trading hours on Friday, hitting $32.13. The stock had a trading volume of 3,236,873 shares, compared to its average volume of 8,595,540. The stock's 50-day moving average price is $30.66 and its 200-day moving average price is $27.59. The stock has a market capitalization of $13.43 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 4.28 and a beta of 1.12. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $39.10.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS. On average, research analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

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.