Susquehanna Fundamental Investments LLC Makes New $11.92 Million Investment in Chewy, Inc. (NYSE:CHWY)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Chewy, Inc. (NYSE:CHWY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 437,440 shares of the company’s stock, valued at approximately $11,916,000.

Several other hedge funds also recently made changes to their positions in CHWY. Hsbc Holdings PLC increased its holdings in shares of Chewy by 85.0% during the fourth quarter. Hsbc Holdings PLC now owns 202,400 shares of the company’s stock worth $4,811,000 after purchasing an additional 93,005 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Chewy by 68.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,318 shares of the company’s stock worth $362,000 after purchasing an additional 6,248 shares during the period. Pura Vida Investments LLC bought a new position in shares of Chewy during the fourth quarter worth approximately $969,000. Platinum Investment Management Ltd. increased its holdings in shares of Chewy by 197.5% during the fourth quarter. Platinum Investment Management Ltd. now owns 200,448 shares of the company’s stock worth $4,737,000 after purchasing an additional 133,066 shares during the period. Finally, CastleKnight Management LP bought a new position in shares of Chewy during the fourth quarter worth approximately $475,000. 93.09% of the stock is owned by institutional investors.

Insider Transactions at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the transaction, the chief executive officer now owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,226,889 shares of company stock worth $830,973,724. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHWY. Citigroup lifted their price objective on shares of Chewy from $16.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Wolfe Research began coverage on shares of Chewy in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Mizuho lifted their price objective on shares of Chewy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $35.00 price objective on shares of Chewy in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.11.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $29.96 on Friday. The firm has a market cap of $13.03 billion, a PE ratio of 166.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.04. The firm’s fifty day moving average is $26.92 and its 200-day moving average is $22.29. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. Sell-side analysts forecast that Chewy, Inc. will post 0.32 EPS for the current 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.