Virtu Financial LLC Invests $795,000 in Chewy, Inc. (NYSE:CHWY)

Virtu Financial LLC bought a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,155 shares of the company's stock, valued at approximately $795,000.

Other large investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new position in shares of Chewy during the second quarter worth about $33,000. Blue Trust Inc. boosted its position in Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock worth $38,000 after acquiring an additional 905 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new position in shares of Chewy during the 2nd quarter worth approximately $44,000. First Horizon Advisors Inc. bought a new position in shares of Chewy during the 2nd quarter worth approximately $48,000. Finally, Skylands Capital LLC acquired a new stake in shares of Chewy in the second quarter valued at approximately $52,000. Institutional investors own 93.09% of the company's stock.

Analysts Set New Price Targets

CHWY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Evercore ISI raised their price objective on Chewy from $22.00 to $29.00 and gave the company an "in-line" rating in a report on Wednesday, August 28th. Citigroup upgraded Chewy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $28.00 to $40.00 in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on Chewy from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group upped their price objective on Chewy from $30.00 to $34.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.15.

Insider Activity at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $29.40, for a total value of $789,999,991.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the sale, the chief technology officer now owns 585,962 shares in the company, valued at $19,612,148.14. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,956,046 shares of company stock valued at $1,448,008,845 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Chewy Stock Performance

Shares of NYSE CHWY traded up $0.39 during mid-day trading on Friday, reaching $32.26. The company had a trading volume of 5,081,897 shares, compared to its average volume of 8,603,544. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 4.28 and a beta of 1.12. The business's 50-day simple moving average is $30.73 and its 200 day simple moving average is $27.70. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10.

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

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.