Chewy, Inc. (NYSE:CHWY) CTO Sells $6,105,573.60 in Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 168,105 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the completion of the sale, the chief technology officer now directly owns 417,857 shares of the company’s stock, valued at $15,176,566.24. The trade was a 28.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Satish Mehta also recently made the following trade(s):

• On Monday, December 2nd, Satish Mehta sold 8,056 shares of Chewy stock. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32.

Chewy Price Performance

CHWY stock opened at $37.25 on Friday. The company’s 50 day simple moving average is $33.72 and its 200-day simple moving average is $29.46. The firm has a market capitalization of $15.17 billion, a PE ratio of 40.93, a P/E/G ratio of 4.06 and a beta of 1.10. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on CHWY. Wedbush reaffirmed an “outperform” rating and issued a $39.00 target price (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Bank of America raised shares of Chewy from an “underperform” rating to a “buy” rating and increased their price target for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. Evercore ISI raised shares of Chewy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $47.00 in a report on Monday. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, BNP Paribas cut shares of Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.80.

Institutional Trading of Chewy

A number of hedge funds have recently bought and sold shares of the company. BC Partners Advisors L.P. acquired a new stake in Chewy during the second quarter worth approximately $7,517,800,000. FMR LLC boosted its position in Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after acquiring an additional 2,497,689 shares during the last quarter. Marshall Wace LLP boosted its position in Chewy by 1,028.6% during the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after acquiring an additional 2,636,526 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Chewy by 5.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock valued at $81,014,000 after purchasing an additional 138,768 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Chewy by 8.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company’s stock valued at $68,693,000 after purchasing an additional 200,900 shares during the last quarter. Institutional investors and hedge funds own 93.09% 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.