Chewy, Inc. (NYSE:CHWY) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 4,577.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,191,146 shares of the company's stock after buying an additional 2,144,302 shares during the period. Invesco Ltd. owned approximately 0.54% of Chewy worth $73,381,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Chewy by 8.4% in the third quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company's stock valued at $45,443,000 after buying an additional 119,633 shares in the last quarter. Virtu Financial LLC purchased a new position in Chewy in the 3rd quarter valued at approximately $795,000. Wilmington Savings Fund Society FSB purchased a new stake in Chewy during the third quarter worth $63,000. Castellan Group acquired a new stake in Chewy in the third quarter valued at $5,282,000. Finally, Principal Financial Group Inc. grew its holdings in Chewy by 0.7% in the third quarter. Principal Financial Group Inc. now owns 531,709 shares of the company's stock valued at $15,574,000 after purchasing an additional 3,814 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Trading Up 1.2 %

Shares of CHWY traded up $0.42 during midday trading on Friday, reaching $35.18. 4,897,067 shares of the company were exchanged, compared to its average volume of 7,423,399. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09. The stock has a 50-day moving average price of $34.25 and a 200-day moving average price of $33.52. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the topic of a number of research reports. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Citigroup lifted their price objective on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Morgan Stanley lowered their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Guggenheim set a $42.00 price target on Chewy and gave the stock a "buy" rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Chewy currently has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now owns 62,096 shares of the company's stock, valued at approximately $2,070,901.60. This trade represents a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00. Following the sale, the chief technology officer now directly owns 334,218 shares in the company, valued at approximately $13,368,720. This represents a 20.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 551,303 shares of company stock worth $20,752,583 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Chewy Company 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.