Kapitalo Investimentos Ltda Takes $277,000 Position in Chewy, Inc. (NYSE:CHWY)

Kapitalo Investimentos Ltda bought a new position in Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,261 shares of the company’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Schonfeld Strategic Advisors LLC acquired a new position in Chewy during the fourth quarter worth $3,012,000. Northern Trust Corp lifted its holdings in Chewy by 151.7% during the 4th quarter. Northern Trust Corp now owns 921,580 shares of the company’s stock valued at $30,864,000 after purchasing an additional 555,372 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Chewy by 336.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 113,955 shares of the company’s stock valued at $3,816,000 after purchasing an additional 87,843 shares during the last quarter. Oxford Asset Management LLP boosted its position in Chewy by 86.0% in the fourth quarter. Oxford Asset Management LLP now owns 15,237 shares of the company’s stock valued at $510,000 after buying an additional 7,045 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Chewy during the fourth quarter worth about $14,650,000. Institutional investors own 93.09% of the company’s stock.

Insider Activity

In other Chewy news, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total value of $285,209.20. Following the sale, the chief executive officer now owns 62,096 shares of the company’s stock, valued at $2,070,901.60. This trade represents a 12.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Satish Mehta sold 83,639 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00. Following the completion of the sale, the chief technology officer now owns 334,218 shares in the company, valued at approximately $13,368,720. This trade represents a 20.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 537,831 shares of company stock worth $20,246,710 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CHWY shares. JMP Securities reduced their target price on Chewy from $40.00 to $39.00 and set a “market outperform” rating on the stock in a report on Monday, April 14th. Mizuho boosted their price objective on Chewy from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, March 27th. Wedbush restated an “outperform” rating and issued a $39.00 target price on shares of Chewy in a research note on Thursday, March 27th. Citigroup upped their price target on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Morgan Stanley decreased their price objective on shares of Chewy from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.47.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $37.22 on Wednesday. The company has a 50 day moving average price of $34.03 and a two-hundred day moving average price of $33.88. The company has a market capitalization of $15.40 billion, a PE ratio of 40.90, a PEG ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 52 week low of $14.85 and a 52 week high of $40.09.

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