SBI Securities Co. Ltd. Purchases Shares of 3,608 Chewy, Inc. (NYSE:CHWY)

SBI Securities Co. Ltd. purchased a new stake in Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,608 shares of the company’s stock, valued at approximately $121,000.

A number of other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp raised its stake in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares during the period. Planning Capital Management Corp acquired a new position in Chewy in the 3rd quarter valued at $52,000. Blue Trust Inc. raised its stake in Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after purchasing an additional 320 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Chewy in the 3rd quarter valued at $63,000. Finally, Allworth Financial LP raised its stake in Chewy by 52.0% in the 4th 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. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Trading Down 4.9 %

NYSE CHWY opened at $33.36 on Friday. The stock has a fifty day simple moving average of $36.76 and a 200-day simple moving average of $32.58. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The stock has a market cap of $13.58 billion, a PE ratio of 36.66, a P/E/G ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company 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) EPS. Chewy’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on CHWY shares. JPMorgan Chase & Co. increased their price objective on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wedbush reissued an “outperform” rating and issued a $39.00 price objective (up from $35.00) on shares of Chewy in a research note on Thursday, December 5th. Robert W. Baird increased their price objective on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Morgan Stanley increased their price objective on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Guggenheim set a $42.00 target price on Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.30.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 9,285 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the sale, the chief executive officer now directly owns 489,750 shares in the company, valued at $19,590,000. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,553,371 shares of company stock worth $933,605,214 in the last three months. 2.10% of the stock is owned by company insiders.

Chewy Company 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.