Chewy, Inc. (NYSE:CHWY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,563,930 shares of the company's stock after selling 2,001,816 shares during the quarter. Baillie Gifford & Co. owned 4.07% of Chewy worth $554,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Chewy by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock valued at $661,000 after purchasing an additional 301 shares in the last quarter. Blue Trust Inc. increased its stake in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp increased its stake in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Chewy by 30.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock valued at $94,000 after purchasing an additional 650 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after purchasing an additional 650 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $34.00 to $47.00 in a report on Monday, January 13th. Morgan Stanley raised their price target on shares of Chewy from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, January 13th. 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Chewy from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $36.80.

Chewy Trading Down 1.9 %

Shares of CHWY traded down $0.70 during trading hours on Thursday, reaching $36.88. 3,306,764 shares of the company traded hands, compared to its average volume of 4,696,910. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 2.28 and a beta of 1.10. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The stock's fifty day moving average price is $36.29 and its 200 day moving average price is $31.71.

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

Insider Buying and Selling

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Satish Mehta sold 8,056 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company's stock, valued at $19,612,148.14. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,561,427 shares of company stock valued at $933,874,848 over the last three months. 2.10% of the stock is owned by company insiders.

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.