SG Americas Securities LLC Sells 14,713 Shares of Chewy, Inc. (NYSE:CHWY)

SG Americas Securities LLC reduced its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,127 shares of the company's stock after selling 14,713 shares during the period. SG Americas Securities LLC's holdings in Chewy were worth $975,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in Chewy by 166.8% in the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after acquiring an additional 2,497,689 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of Chewy in the 2nd quarter valued at about $40,798,000. Eagle Asset Management Inc. increased its holdings in shares of Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company's stock valued at $60,485,000 after acquiring an additional 975,647 shares in the last quarter. AMI Asset Management Corp acquired a new position in Chewy during the third quarter worth $17,756,000. Finally, Quadrature Capital Ltd bought a new stake in Chewy during the 3rd quarter worth approximately $13,699,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Stock Performance

Shares of NYSE:CHWY traded down $0.02 during trading hours on Wednesday, reaching $38.86. The stock had a trading volume of 2,709,126 shares, compared to its average volume of 5,444,040. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 4.16 and a beta of 1.10. The firm's 50 day moving average is $34.74 and its 200-day moving average is $30.29. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $39.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the business posted ($0.08) EPS. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 71,161 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the completion of the sale, the chief executive officer now owns 77,838 shares of the company's stock, valued at approximately $2,529,735. This represents a 47.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders sold 28,103,513 shares of company stock valued at $916,453,941 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

CHWY has been the topic of several recent analyst reports. Piper Sandler lifted their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. BNP Paribas cut shares of Chewy from an "outperform" rating to a "neutral" rating in a report on Thursday, December 5th. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Robert W. Baird upped their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group upped their target price on Chewy from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus price target of $36.80.

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.