2 weeks Ago By Defense World Staff
Sei Investments Co. acquired a new position in Chewy, Inc. (NYSE:CHWY – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor acquired 75,634 shares of the company’s stock, valued at approximately $2,533,000. Several other institutional investors have also recently made changes to their positions in CHWY. Fifth Third Bancorp increased 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 during the last quarter. Blue Trust Inc.
increased its holdings in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc.
now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy in the third quarter worth about $63,000. Allworth Financial LP boosted its stake in Chewy by 52.
0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after buying an additional 650 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Chewy during the 4th quarter valued at approximately $86,000.
Hedge funds and other institutional investors own 93.09% of the company’s stock. Insiders Place Their BetsIn other Chewy news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction on Thursday, March 6th.
The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00.
Following the sale, the chief technology officer now owns 262,853 shares of the company’s stock, valued at approximately $9,357,566.80. This trade represents a 21.
35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 63,187 shares of the business’s stock in a transaction on Monday, January 6th.
The stock was sold at an average price of $37.62, for a total value of $2,377,094.94.
Following the completion of the transaction, the chief executive officer now directly owns 643,939 shares of the company’s stock, valued at approximately $24,224,985.18. The trade was a 8.
94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,900,725 shares of company stock worth $284,078,033.
2.10% of the stock is currently owned by company insiders. Chewy Price PerformanceCHWY stock opened at $31.
48 on Friday. The company has a market capitalization of $12.82 billion, a PE ratio of 34.
59, a P/E/G ratio of 2.21 and a beta of 1.68.
Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.
09. The firm’s 50-day moving average is $35.43 and its 200 day moving average is $33.
25. Chewy (NYSE:CHWY – Get Free Report) last posted its quarterly 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.
Chewy had a net margin of 3.51% and a return on equity of 24.47%.
The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion.
During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 15.
0% on a year-over-year basis. Sell-side analysts forecast that Chewy, Inc. will post 0.
24 EPS for the current fiscal year. Analyst Ratings ChangesSeveral analysts have recently issued reports on CHWY shares. Guggenheim set a $42.
00 price objective on Chewy and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $37.
00 price objective on shares of Chewy in a research note on Monday, December 16th. Mizuho boosted their target price on shares of Chewy from $42.00 to $43.
00 and gave the stock an “outperform” rating in a report on Thursday, March 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $39.00 price target on shares of Chewy in a report on Thursday, March 27th.
Six 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.
68.Get Our Latest Stock Report on ChewyAbout Chewy (Free Report)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.
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(NYSE:CHWY – Free Report)..
