Ameritas Advisory Services LLC Sells 7,449 Shares of Chewy, Inc. (NYSE:CHWY)

Ameritas Advisory Services LLC trimmed its position in shares of Chewy, Inc. (NYSE:CHWY) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,196 shares of the company’s stock after selling 7,449 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Chewy were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its position in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. Planning Capital Management Corp bought a new stake in shares of Chewy during the 3rd quarter valued at $52,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Chewy in the 3rd quarter worth $62,000. Wilmington Savings Fund Society FSB bought a new position in Chewy in the 3rd quarter worth $63,000. Finally, Castleview Partners LLC purchased a new position in Chewy during the third quarter valued at $76,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Price Performance

Shares of NYSE CHWY opened at $36.99 on Tuesday. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The business’s 50 day moving average is $33.97 and its two-hundred day moving average is $29.66. The stock has a market capitalization of $15.06 billion, a P/E ratio of 40.64, a PEG ratio of 4.06 and a beta of 1.10.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHWY has been the topic of several recent research reports. Bank of America raised Chewy from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $40.00 in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price target on shares of Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Robert W. Baird lifted their target price on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Morgan Stanley increased their price target on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.80.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 114,130 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $37.70, for a total transaction of $4,302,701.00. Following the completion of the sale, the chief executive officer now directly owns 529,809 shares of the company’s stock, valued at approximately $19,973,799.30. This trade represents a 17.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 168,105 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $36.32, for a total value of $6,105,573.60. Following the completion of the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at $15,176,566.24. This trade represents a 28.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,086,041 shares of company stock valued at $915,797,988. Company insiders own 2.10% of the company’s stock.

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.