Marshall Wace LLP Has $154.16 Million Stake in Chewy, Inc. (NYSE:CHWY)

Marshall Wace LLP trimmed its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,603,022 shares of the company's stock after selling 285,125 shares during the quarter. Marshall Wace LLP owned about 1.13% of Chewy worth $154,155,000 as of its most recent SEC filing.

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

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 71,365 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at approximately $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 13,472 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $37.55, for a total value of $505,873.60. Following the transaction, the chief executive officer now owns 505,109 shares in the company, valued at approximately $18,966,842.95. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 551,303 shares of company stock valued at $20,752,583. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wedbush reaffirmed an "outperform" rating and issued a $39.00 price target on shares of Chewy in a report on Thursday, March 27th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, March 27th. Citigroup upped their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Finally, Wolfe Research raised shares of Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Chewy has an average rating of "Moderate Buy" and a consensus price target of $38.47.

Chewy Trading Down 3.5 %

NYSE CHWY traded down $1.23 during trading on Monday, hitting $34.01. 1,866,484 shares of the company traded hands, compared to its average volume of 7,405,532. The company has a market capitalization of $14.07 billion, a P/E ratio of 37.37, a PEG ratio of 2.21 and a beta of 1.68. The business has a fifty day simple moving average of $34.25 and a 200 day simple moving average of $33.58. 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 earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy's revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Equities research analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

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.