Motley Fool Asset Management LLC Buys Shares of 6,013 Chewy, Inc. (NYSE:CHWY)

Motley Fool Asset Management LLC purchased a new position in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,013 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also recently made changes to their positions in the company. Trexquant Investment LP raised its holdings in Chewy by 23.3% in the fourth quarter. Trexquant Investment LP now owns 568,688 shares of the company’s stock worth $19,045,000 after purchasing an additional 107,603 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Chewy during the 4th quarter worth approximately $239,000. Geode Capital Management LLC lifted its position in Chewy by 23.9% during the fourth quarter. Geode Capital Management LLC now owns 1,921,737 shares of the company’s stock valued at $64,389,000 after acquiring an additional 370,893 shares during the last quarter. StoneX Group Inc. acquired a new stake in Chewy in the fourth quarter valued at approximately $551,000. Finally, Alliancebernstein L.P. purchased a new position in Chewy in the fourth quarter worth $11,134,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now owns 62,096 shares in the company, valued at approximately $2,070,901.60. This represents a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now owns 262,853 shares of the company’s stock, valued at $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,900,725 shares of company stock worth $284,078,033 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, March 27th. Finally, Morgan Stanley raised 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and an average price target of $38.68.

Chewy Trading Down 6.5 %

Shares of CHWY stock opened at $31.48 on Friday. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The stock has a market cap of $12.82 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.21 and a beta of 1.68. The stock has a 50 day moving average of $35.43 and a 200 day moving average of $33.25.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.07 EPS. On average, research analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current fiscal 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.