International Assets Investment Management LLC Buys Shares of 41,445 Chewy, Inc. (NYSE:CHWY)

International Assets Investment Management LLC purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 41,445 shares of the company's stock, valued at approximately $12,140,000.

Several other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC boosted its position in Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company's stock valued at $65,000 after buying an additional 619 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Chewy by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company's stock worth $451,000 after purchasing an additional 870 shares during the period. Blue Trust Inc. increased its stake in Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock valued at $38,000 after purchasing an additional 905 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company's stock valued at $308,000 after purchasing an additional 1,029 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Chewy during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Stock Performance

CHWY stock traded up $0.32 during trading on Thursday, hitting $26.83. 2,016,595 shares of the company's stock traded hands, compared to its average volume of 8,850,759. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The business has a fifty day simple moving average of $28.67 and a 200 day simple moving average of $24.18. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 147.28, a P/E/G ratio of 3.04 and a beta of 1.05.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Chewy had a net margin of 3.20% and a return on equity of 21.00%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Research analysts forecast that Chewy, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHWY shares. Robert W. Baird lifted their price target on shares of Chewy from $26.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 20th. Evercore ISI lifted their price target on shares of Chewy from $22.00 to $29.00 and gave the company an "in-line" rating in a report on Wednesday, August 28th. Wedbush reaffirmed an "outperform" rating and set a $35.00 price target on shares of Chewy in a report on Thursday, August 29th. TD Cowen began coverage on shares of Chewy in a report on Wednesday, October 9th. They set a "buy" rating and a $38.00 price target on the stock. Finally, Citigroup lifted their price target on shares of Chewy from $16.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Chewy has a consensus rating of "Moderate Buy" and an average price target of $29.55.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Satish Mehta sold 2,894 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $64,362.56. Following the completion of the transaction, the chief technology officer now directly owns 573,463 shares in the company, valued at $12,753,817.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,138,627 shares of company stock worth $827,147,620. 2.10% of the stock is currently owned by insiders.

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.