Mitsubishi UFJ Trust & Banking Corp Has $37.89 Million Stake in Chewy, Inc. (NYSE:CHWY)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,131,373 shares of the company's stock after selling 222,611 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.28% of Chewy worth $37,890,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHWY. Quest Partners LLC purchased a new stake in Chewy during the third quarter valued at about $229,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Chewy by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company's stock worth $24,159,000 after purchasing an additional 46,629 shares during the period. Cerity Partners LLC increased its position in Chewy by 42.4% during the 3rd quarter. Cerity Partners LLC now owns 15,324 shares of the company's stock worth $449,000 after purchasing an additional 4,559 shares in the last quarter. DRW Securities LLC acquired a new position in Chewy during the third quarter valued at approximately $293,000. Finally, Bank of Montreal Can grew its stake in Chewy by 261.2% during the third quarter. Bank of Montreal Can now owns 158,166 shares of the company's stock worth $4,739,000 after buying an additional 256,275 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Seaport Res Ptn raised shares of Chewy to a "hold" rating in a research report on Monday, March 24th. 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. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a report on Friday, January 3rd. Finally, Wedbush restated an "outperform" rating and set a $39.00 target price on shares of Chewy in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Chewy presently has an average rating of "Moderate Buy" and a consensus target price of $38.68.

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Insider Buying and Selling at Chewy

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now owns 262,853 shares in the company, valued at approximately $9,357,566.80. The trade was a 21.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,083,269 shares of company stock valued at $290,611,129. Corporate insiders own 2.10% of the company's stock.

Chewy Price Performance

CHWY stock traded down $0.23 on Monday, reaching $31.94. The company's stock had a trading volume of 990,986 shares, compared to its average volume of 7,533,026. The company has a market capitalization of $13.00 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The firm has a fifty day moving average of $35.90 and a two-hundred day moving average of $33.23.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period last year, the firm posted $0.07 earnings per share. The business's revenue 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.

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.