6,728 Shares in Chewy, Inc. (NYSE:CHWY) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,728 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors have also bought and sold shares of the business. Truist Financial Corp lifted its position in Chewy by 39.3% during the second quarter. Truist Financial Corp now owns 20,732 shares of the company's stock worth $565,000 after buying an additional 5,847 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Chewy by 33.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 24,513 shares of the company's stock worth $718,000 after acquiring an additional 6,172 shares during the period. Seven Grand Managers LLC purchased a new position in shares of Chewy during the 3rd quarter worth $10,252,000. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 905 shares during the last quarter. Finally, Castleview Partners LLC purchased a new stake in shares of Chewy in the third quarter valued at about $76,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHWY has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. The Goldman Sachs Group upped their price objective on Chewy from $35.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on Chewy from $24.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday, November 22nd. Piper Sandler upped their price target on Chewy from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Finally, Barclays raised their price objective on Chewy from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $36.80.

Chewy Trading Down 0.9 %

NYSE:CHWY traded down $0.34 during mid-day trading on Friday, hitting $37.64. The stock had a trading volume of 3,049,857 shares, compared to its average volume of 4,211,366. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The company has a market capitalization of $15.32 billion, a PE ratio of 41.36, a PEG ratio of 2.32 and a beta of 1.10. The stock has a 50-day simple moving average of $35.93 and a two-hundred day simple moving average of $31.41.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. Sell-side analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Transactions at Chewy

In other Chewy news, CFO David Reeder sold 307,558 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the completion of the transaction, the chief financial officer now owns 546,257 shares in the company, valued at $20,473,712.36. This represents a 36.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,561,427 shares of company stock valued at $933,874,848. 2.10% of the stock is currently owned by corporate 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.