Trexquant Investment LP Has $19.05 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Trexquant Investment LP lifted its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 568,688 shares of the company's stock after acquiring an additional 107,603 shares during the period. Trexquant Investment LP owned approximately 0.14% of Chewy worth $19,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Chewy by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company's stock valued at $24,159,000 after buying an additional 46,629 shares during the period. Cerity Partners LLC grew its position in shares of Chewy by 42.4% in the 3rd quarter. Cerity Partners LLC now owns 15,324 shares of the company's stock worth $449,000 after buying an additional 4,559 shares during the period. Bank of Montreal Can increased its position in Chewy by 261.2% during the 3rd quarter. Bank of Montreal Can now owns 158,166 shares of the company's stock valued at $4,739,000 after buying an additional 256,275 shares in the last quarter. FMR LLC increased its stake in Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after purchasing an additional 2,497,689 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Chewy by 5.0% during the third quarter. D.A. Davidson & CO. now owns 26,219 shares of the company's stock valued at $768,000 after buying an additional 1,244 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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Chewy Price Performance

Chewy stock traded up $0.54 during midday trading on Wednesday, reaching $34.02. The stock had a trading volume of 4,890,554 shares, compared to its average volume of 7,525,530. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.21 and a beta of 1.23. The firm's fifty day simple moving average is $35.68 and its two-hundred day simple moving average is $33.26.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CHWY shares. Needham & Company LLC restated a "hold" rating on shares of Chewy in a research report on Thursday, March 27th. Seaport Res Ptn upgraded Chewy to a "hold" rating in a report on Monday, March 24th. Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $34.00 to $47.00 in a research report on Monday, January 13th. UBS Group lifted their price objective on shares of Chewy from $30.00 to $34.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley increased their price target on shares of Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.68.

Insider Activity

In other Chewy news, CEO Sumit Singh sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $37.52, for a total value of $150,080.00. Following the completion of the transaction, the chief executive officer now directly owns 518,581 shares in the company, valued at $19,457,159.12. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.77, for a total value of $250,390,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,083,269 shares of company stock worth $290,611,129. Company insiders own 2.10% of the company's stock.

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.