Union Bancaire Privee UBP SA Acquires Shares of 2,500 Chewy, Inc. (NYSE:CHWY)

Union Bancaire Privee UBP SA bought a new position in Chewy, Inc. (NYSE:CHWY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,500 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Chewy by 166.8% in the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after acquiring an additional 2,497,689 shares during the last quarter. Clearbridge Investments LLC purchased a new position in Chewy in the second quarter valued at approximately $40,798,000. Eagle Asset Management Inc. grew its holdings in Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after purchasing an additional 975,647 shares during the period. AMI Asset Management Corp purchased a new stake in Chewy in the third quarter worth $17,756,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Chewy in the third quarter valued at $13,699,000. 93.09% of the stock is owned by institutional investors.

Chewy Trading Down 0.1 %

Shares of NYSE CHWY opened at $38.86 on Thursday. The stock’s 50-day moving average is $34.74 and its 200 day moving average is $30.29. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 4.16 and a beta of 1.10. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.86 billion. During the same period in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHWY. Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $24.00 to $42.00 in a report on Monday, January 6th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $40.00 in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a report on Friday, November 22nd. Finally, UBS Group raised their price target on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Insider Activity

In other news, CEO Sumit Singh sold 71,161 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the completion of the sale, the chief executive officer now directly owns 77,838 shares of the company’s stock, valued at approximately $2,529,735. This trade represents a 47.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Satish Mehta sold 8,056 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,103,513 shares of company stock valued at $916,453,941. 2.10% of the stock is currently owned by insiders.

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.