Y Intercept Hong Kong Ltd Cuts Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Y Intercept Hong Kong Ltd reduced its stake in Chewy, Inc. (NYSE:CHWY) by 47.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,833 shares of the company’s stock after selling 27,828 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Chewy were worth $1,033,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CHWY. Fifth Third Bancorp lifted its position in shares of 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 in the last quarter. Blue Trust Inc. increased its stake in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the last quarter. Planning Capital Management Corp bought a new position in shares of Chewy during the 3rd quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Chewy in the 3rd quarter worth approximately $63,000. Finally, Allworth Financial LP grew its holdings in shares of 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 acquiring an additional 650 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Trading Up 3.9 %

CHWY stock opened at $35.91 on Thursday. The firm has a 50 day moving average of $36.57 and a 200-day moving average of $32.15. The firm has a market capitalization of $14.62 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a 12 month low of $14.69 and a 12 month 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, beating the consensus estimate of $0.05 by $0.15. The firm 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. Sell-side analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 8,056 shares of Chewy stock in a transaction on Monday, December 2nd. The shares were 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 approximately $19,612,148.14. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders have sold 28,561,427 shares of company stock worth $933,874,848 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CHWY. JMP Securities reiterated a “market outperform” rating and set a $37.00 price target on shares of Chewy in a report on Monday, December 16th. Morgan Stanley lifted their target price on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. UBS Group increased their target price on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Bank of America raised shares of Chewy from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and an average price target of $37.30.

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.