Point72 Asia Singapore Pte. Ltd. Acquires Shares of 5,097 Chewy, Inc. (NYSE:CHWY)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Chewy, Inc. (NYSE:CHWY) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 5,097 shares of the company’s stock, valued at approximately $149,000.

Other hedge funds also recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new position in Chewy in the 2nd quarter valued at $33,000. Blue Trust Inc. grew its position in shares of 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 buying an additional 905 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new position in shares of Chewy during the 2nd quarter worth $44,000. First Horizon Advisors Inc. bought a new position in shares of Chewy during the 2nd quarter worth $48,000. Finally, Skylands Capital LLC bought a new position in shares of Chewy during the 2nd quarter worth $52,000. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Down 0.4 %

Shares of NYSE:CHWY opened at $33.47 on Thursday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 3.15 and a beta of 1.12. The business has a 50-day moving average price of $30.40 and a 200-day moving average price of $27.03.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Chewy, Inc. will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 8,056 shares of the firm’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 sale, the chief technology officer now directly 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 this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was 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. Insiders have sold a total of 28,128,804 shares of company stock valued at $827,019,626 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James downgraded Chewy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 21st. Bank of America raised 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 research report on Wednesday, November 20th. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Chewy in a research note on Thursday, August 29th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on Chewy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.80.

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.