Renaissance Technologies LLC Has $66.34 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Renaissance Technologies LLC trimmed its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,980,882 shares of the company's stock after selling 10,600 shares during the quarter. Renaissance Technologies LLC owned 0.49% of Chewy worth $66,340,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy during the 3rd quarter worth about $63,000. Allworth Financial LP raised its holdings in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy in the fourth quarter valued at $86,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Price Performance

Shares of CHWY traded up $2.16 during mid-day trading on Friday, reaching $34.74. The company had a trading volume of 7,821,089 shares, compared to its average volume of 7,478,083. The company's 50-day moving average is $34.54 and its 200-day moving average is $33.36. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The company has a market capitalization of $14.37 billion, a P/E ratio of 38.17, a P/E/G ratio of 2.21 and a beta of 1.68.

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Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company earned $0.07 EPS. Chewy's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 83,639 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $3,345,560.00. Following the transaction, the chief technology officer now owns 334,218 shares of the company's stock, valued at approximately $13,368,720. This represents a 20.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at $2,070,901.60. The trade was a 12.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 837,538 shares of company stock worth $31,310,938. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CHWY shares. Barclays raised their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $34.00 to $47.00 in a research report on Monday, January 13th. Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their target price on Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.47.

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.