Orion Portfolio Solutions LLC Sells 912 Shares of Chewy, Inc. (NYSE:CHWY)

Orion Portfolio Solutions LLC trimmed its position in Chewy, Inc. (NYSE:CHWY) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,175 shares of the company’s stock after selling 912 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Chewy were worth $1,294,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new stake in shares of Chewy during the second quarter worth $33,000. Blue Trust Inc. lifted its holdings in shares of Chewy by 183.6% during the third 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 period. Industrial Alliance Investment Management Inc. acquired a new position in shares of Chewy during the second quarter worth $44,000. First Horizon Advisors Inc. acquired a new position in shares of Chewy during the second quarter worth $48,000. Finally, Planning Capital Management Corp acquired a new position in shares of Chewy during the third quarter worth $52,000. 93.09% of the stock is owned by institutional investors.

Insider Transactions at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the sale, the chief technology officer now directly owns 585,962 shares of the company’s stock, valued at $19,612,148.14. The trade was a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,956,046 shares of company stock valued at $1,448,008,845 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Chewy Price Performance

NYSE:CHWY opened at $32.26 on Friday. The firm has a 50-day moving average of $30.73 and a 200-day moving average of $27.77. The company has a market cap of $13.49 billion, a PE ratio of 35.45, a PEG ratio of 4.28 and a beta of 1.12. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.05 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CHWY shares. Wedbush reiterated an “outperform” rating and set a $39.00 price target (up previously from $35.00) on shares of Chewy in a report on Thursday, December 5th. Barclays boosted their target price on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Raymond James lowered shares of Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and boosted their target price for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.15.

Chewy 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.