Quadrature Capital Ltd Makes New Investment in Chewy, Inc. (NYSE:CHWY)

Quadrature Capital Ltd bought a new stake in shares of Chewy, Inc. (NYSE:CHWY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 467,380 shares of the company’s stock, valued at approximately $13,699,000. Quadrature Capital Ltd owned approximately 0.11% of Chewy at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in Chewy by 0.3% during the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after purchasing an additional 923 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after purchasing an additional 1,029 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Chewy during the 2nd quarter worth $33,000. Finally, D.A. Davidson & CO. boosted its stake in Chewy by 5.0% during the 3rd quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock worth $768,000 after purchasing an additional 1,244 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Trading Down 0.4 %

CHWY stock opened at $33.47 on Thursday. The company has a market capitalization of $13.99 billion, a P/E ratio of 40.82, a PEG ratio of 3.15 and a beta of 1.12. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The business has a 50 day simple moving average of $30.40 and a 200-day simple moving average of $27.03.

Chewy (NYSE:CHWY) last posted 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 21.00% and a net margin of 3.20%. Chewy’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Research analysts predict that Chewy, Inc. will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at Chewy

In related news, CTO Satish Mehta sold 8,056 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the sale, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,128,804 shares of company stock valued at $827,019,626. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHWY. Morgan Stanley lifted their target price on shares of Chewy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Bank of America raised shares of Chewy from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $40.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Robert W. Baird lifted their price target on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.80.

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.