Union Bancaire Privee UBP SA Takes $86,000 Position in Chewy, Inc. (NYSE:CHWY)

Union Bancaire Privee UBP SA acquired a new stake in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,500 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of Chewy by 83.0% during 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 period. Blue Trust Inc. raised its holdings in 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 last quarter. Planning Capital Management Corp purchased a new stake in Chewy during the third quarter worth $52,000. Allworth Financial LP grew its holdings in Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after purchasing an additional 650 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Chewy in the third quarter valued at $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CHWY. Piper Sandler boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Robert W. Baird upped their price target on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Royal Bank of Canada raised their price objective on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. The Goldman Sachs Group upped their target price on Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Guggenheim set a $42.00 price target on Chewy and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.30.

Insider Activity at Chewy

In other Chewy news, CFO David Reeder sold 307,558 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the transaction, the chief financial officer now owns 546,257 shares in the company, valued at $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,561,427 shares of company stock worth $933,874,848. Company insiders own 2.10% of the company’s stock.

Chewy Stock Up 0.3 %

CHWY stock opened at $34.58 on Wednesday. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.21 and a beta of 1.10. The business has a fifty day simple moving average of $36.49 and a 200-day simple moving average of $32.12. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09.

Chewy (NYSE:CHWY) last announced its quarterly 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 analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. As a group, analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.