Transatlantique Private Wealth LLC Makes New Investment in Chewy, Inc. (NYSE:CHWY)

Transatlantique Private Wealth LLC purchased a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,898 shares of the company's stock, valued at approximately $298,000.

Several other institutional investors have also recently added to or reduced their stakes in CHWY. Vanguard Group Inc. grew its holdings in Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after buying an additional 3,493,926 shares in the last quarter. FMR LLC increased its holdings in shares of Chewy by 32.4% during the 4th quarter. FMR LLC now owns 5,288,757 shares of the company's stock valued at $177,120,000 after acquiring an additional 1,293,428 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Chewy by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock valued at $150,345,000 after purchasing an additional 399,330 shares during the period. Clearbridge Investments LLC raised its holdings in Chewy by 47.4% in the 4th quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock valued at $129,495,000 after acquiring an additional 1,243,981 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Chewy by 4,577.5% in the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock valued at $73,381,000 after purchasing an additional 2,144,302 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 83,639 shares of Chewy stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the completion of the sale, the chief technology officer now owns 334,218 shares of the company's stock, valued at approximately $13,368,720. The trade was a 20.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Reeder sold 307,558 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the completion of the transaction, the chief financial officer now directly owns 546,257 shares in the company, valued at approximately $20,473,712.36. This represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 537,831 shares of company stock valued at $20,246,710 over the last 90 days. 2.10% of the stock is currently owned by insiders.

Chewy Stock Performance

Chewy stock traded up $0.71 during mid-day trading on Friday, reaching $36.74. The company's stock had a trading volume of 3,649,292 shares, compared to its average volume of 7,399,461. The business's 50 day simple moving average is $34.06 and its 200 day simple moving average is $33.70. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the company earned $0.07 earnings per share. The business's revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

CHWY has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wolfe Research upgraded Chewy from a "peer perform" rating to an "outperform" rating in a report on Friday, January 3rd. Argus upgraded shares of Chewy from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Citigroup lifted their price target on shares of Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Wedbush restated an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.47.

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.