Chewy, Inc. (NYSE:CHWY) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its holdings in Chewy, Inc. (NYSE:CHWY) by 27.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,468 shares of the company’s stock after selling 8,437 shares during the quarter. Quantinno Capital Management LP’s holdings in Chewy were worth $658,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHWY. Susquehanna Fundamental Investments LLC acquired a new stake in Chewy in the 2nd quarter worth approximately $11,916,000. Sanctuary Advisors LLC purchased a new position in shares of Chewy in the second quarter worth $673,000. Eagle Asset Management Inc. lifted its stake in shares of Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after buying an additional 975,647 shares during the period. Marshall Wace LLP grew its holdings in shares of Chewy by 1,028.6% during the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after buying an additional 2,636,526 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Chewy in the 3rd quarter valued at $2,949,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 8,056 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now owns 585,962 shares in the company, valued at $19,612,148.14. The trade was a 1.36 % decrease in their ownership of the stock. 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. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of research reports. Piper Sandler lifted their price target on Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. The Goldman Sachs Group lifted their target price on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their price target on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Evercore ISI upped their price objective on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, BNP Paribas cut shares of Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.15.

Chewy Stock Performance

NYSE:CHWY opened at $32.26 on Friday. The stock has a market capitalization of $13.49 billion, a PE ratio of 35.45, a P/E/G ratio of 4.28 and a beta of 1.12. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The company has a fifty day moving average of $30.73 and a two-hundred day moving average of $27.77.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts forecast that Chewy, Inc. will post 0.24 earnings per share 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.