Trexquant Investment LP Has $19.05 Million Holdings in Chewy, Inc. (NYSE:CHWY)

Trexquant Investment LP boosted its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 568,688 shares of the company’s stock after acquiring an additional 107,603 shares during the quarter. Trexquant Investment LP owned 0.14% of Chewy worth $19,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CHWY. Fifth Third Bancorp grew its holdings in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares during the last quarter. Blue Trust Inc. lifted its stake in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Chewy in the third quarter valued at $63,000. Allworth Financial LP lifted its holdings in shares of Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after acquiring an additional 650 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy in the 4th quarter valued at $86,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of Chewy stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,083,269 shares of company stock worth $290,611,129 in the last ninety days. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

CHWY has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Seaport Res Ptn upgraded Chewy to a “hold” rating in a research report on Monday, March 24th. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $47.00 in a research report on Monday, January 13th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research note on Thursday, March 27th. Finally, Morgan Stanley lifted their price objective on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.68.

Chewy Price Performance

Chewy stock opened at $32.61 on Tuesday. The business’s fifty day moving average is $35.81 and its 200 day moving average is $33.24. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The stock has a market capitalization of $13.28 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. As a group, sell-side analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

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.