Voya Investment Management LLC Sells 652,052 Shares of Chewy, Inc. (NYSE:CHWY)

Voya Investment Management LLC lessened its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,834,178 shares of the company's stock after selling 652,052 shares during the period. Voya Investment Management LLC owned approximately 0.94% of Chewy worth $128,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after acquiring an additional 444 shares in the last quarter. Blue Trust Inc. boosted its stake in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after buying an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Chewy in the 3rd quarter valued at $63,000. Allworth Financial LP boosted its position in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after acquiring an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Chewy in the fourth quarter worth about $86,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Wall Street Analyst Weigh In

CHWY has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 target price on shares of Chewy in a report on Thursday, March 27th. Seaport Res Ptn raised Chewy to a "hold" rating in a report on Monday, March 24th. The Goldman Sachs Group upped their target price on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley cut their target price on shares of Chewy from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.47.

Insider Activity

In related news, CFO David Reeder sold 307,558 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now directly owns 546,257 shares in the company, valued at $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the completion of the transaction, the chief technology officer now directly owns 334,218 shares of the company's stock, valued at approximately $13,368,720. The trade was a 20.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 537,831 shares of company stock valued at $20,246,710 in the last quarter. Company insiders own 2.10% of the company's stock.

Chewy Stock Up 2.0 %

NYSE CHWY traded up $0.71 during trading hours on Friday, hitting $36.74. The company's stock had a trading volume of 3,869,273 shares, compared to its average volume of 7,401,931. Chewy, Inc. has a twelve month low of $14.85 and a twelve month high of $40.09. The firm has a market capitalization of $15.20 billion, a P/E ratio of 40.37, a PEG ratio of 2.21 and a beta of 1.68. The stock has a fifty day moving average of $34.03 and a 200 day moving average of $33.80.

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

About Chewy

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.