International Assets Investment Management LLC Acquires New Position in Chewy, Inc. (NYSE:CHWY)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BC Partners Advisors L.P. bought a new position in Chewy in the second quarter worth approximately $7,517,800,000. Marshall Wace LLP increased its holdings in shares of Chewy by 1,028.6% in the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company's stock valued at $78,801,000 after acquiring an additional 2,636,526 shares during the period. Fiera Capital Corp bought a new position in shares of Chewy in the 2nd quarter worth $44,373,000. Clearbridge Investments LLC purchased a new stake in shares of Chewy during the 2nd quarter worth $40,798,000. Finally, Baillie Gifford & Co. boosted its position in Chewy by 7.2% during the first quarter. Baillie Gifford & Co. now owns 19,819,195 shares of the company's stock valued at $315,323,000 after purchasing an additional 1,336,431 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total transaction of $789,999,991.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $29.40, for a total value of $789,999,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $318,877.12. Following the completion of the sale, the chief executive officer now directly owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,138,627 shares of company stock worth $827,147,620. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Raymond James downgraded shares of Chewy from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 21st. Barclays boosted their price objective on shares of Chewy from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Evercore ISI raised their target price on shares of Chewy from $22.00 to $29.00 and gave the company an "in-line" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on Chewy from $28.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Finally, Bank of America raised their price objective on Chewy from $20.00 to $24.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and a consensus target price of $29.55.

Chewy Stock Performance

NYSE CHWY traded up $0.46 on Thursday, reaching $26.97. 3,393,903 shares of the company's stock traded hands, compared to its average volume of 8,857,286. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 149.83, a P/E/G ratio of 3.04 and a beta of 1.05. The stock has a 50 day moving average price of $28.68 and a 200-day moving average price of $24.20.

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

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.